Bitcoin Cash BCH/USD is trading at 694. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. Ichimoku Kinko Hyo Cloud near the 730 level is expected to be tested near the level of 730, from which it is expected to attempt a rebound and continue falling of the cryptocurrency with a target below the level of 480.
Bitcoin Cash forecast & analysis BCH/USD June 29, 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 quotes drop will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo indicator cloud and the closing above the level of 780, 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 quotes BCH/USD is with the breakdown of the support area and closing below the level of 660.
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