Bitcoin Cash BCH/USD is traded at the level of 703. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Bitcoin Cash. Ichimoku Kinko Hyo Cloud is expected to test near the 770 level, from which it is expected to attempt a rebound and continue falling of the cryptocurrency with a target below the level of 490.
Bitcoin Cash forecast & analysis BCH/USD June 28, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance level, as well as a test of the upper boundary of the bearish channel. Earlier, a strong signal was received for sell of the Bitcoin Cash cryptocurrency, due to crossing of the signal lines at the level of 710.
The cancellation of the variant of the BCH/USD quotations drop will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo indicator cloud and the closing above the level of 830, which will indicate a change in the bearish trend in favor of the bullish trend and the continued growth of the cryptocurrency. Expect the acceleration of the fall in quotations BCH/USD stands with the breakdown of the lower limit of the model «Triangle» and the closing below the level of 640.
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