Bitcoin Cash BCH/USD is trading at 1141. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin Cash. Ichimoku Kinko Hyo Cloud is expected to test near the 1100 level, 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 8, 2018
An additional signal in favor of the growth of the crypto currency will be a support level test, as well as the formation of an inverted «Head and Shoulders» model. Earlier, a strong signal was received for buy of Bitcoin Cash cryptocurrency, due to the crossing of signal lines at level 1130.
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 1050, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations BCH/USD stands with a breakdown of the line «Neckline» reversal model «Head and Shoulders» and the closing above the level of 1250.
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