Bitcoin Cash BCH/USD is trading at 1571. 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 Upper Test is expected near the level of 1550, from which one should expect a rebound attempt and continue growth with a goal above the 2000 level.
Bitcoin Cash forecast & analysis BCH/USD May 10, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the lower border of the channel, as well as a test of the support level. Earlier, a weak signal was received for sales of the Bitcoin Cash cryptocurrency, due to the crossing of signal lines at the level of 1600.
The cancellation of the growth of BCH/USD quotations will be the breakdown of the lower boundary of the Indicator Cloud and the closing below the level of 1350, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations BCH/USD stands with the breakdown of the resistance area and closing above the level of 1700.
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