Bitcoin Cash BCH/USD is trading at 1039. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend in Bitcoin Cash. Ichimoku Kinko Hyo signal line area test is near the level of 1000, from which it is expected to attempt a rebound and continue the growth of the cryptocurrency with a target above the level of 1250 as part of the start of the development of the «Head and Shoulders» reversal model.
Bitcoin Cash forecast & analysis BCH/USD June 3, 2018
An additional signal in favor of the growth of the crypto currency will be the test of the upper boundary of the bearish channel. Earlier, a weak signal was received for buy of Bitcoin Cash cryptocurrency, due to the crossing of signal lines at the level of 970.
Canceling the option, the growth of BCH/USD will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Indicator Cloud and the closing below the level of 900, which indicates a change in the flat trend in favor of a bearish trend. To expect confirmation of the growth of quotations BCH/USD stands with the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing above the level of 1110.
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