Bitcoin Cash BCH/USD is trading at 656. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. The test area of Ichimoku Kinko Hyo signal lines near the level of 700 is expected, from which it is expected to attempt a rebound and continue falling of the cryptocurrency with a target below the level of 545.
Bitcoin Cash forecast & analysis BCH/USD June 30, 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 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 to accelerate the fall in quotations BCH/USD stands with the breakdown of the support area and closing below the level of 620.
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