Bitcoin Cash BCH/USD is traded at the level of 1145. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Bitcoin Cash. The test area of Ichimoku Kinko Hyo signal lines near level 1100 is expected, from which it is expected to attempt a rebound and continue the growth of the cryptocurrency with a target above the level of 1400.
Bitcoin Cash forecast & analysis BCH/USD June 6, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level. 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 950, which indicates a change in the bullish trend in favor of a bearish trend. Expect the acceleration of the growth of quotations BCH/USD stands with the breakdown of the resistance area and the closing above the level of 1250.
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