Bitcoin Cash forecast & analysis BCH/USD May 16, 2018


Recommended Broker

Bitcoin Cash BCH/USD is trading at 1381. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. Ichimoku Kinko Hyo Cloud near the level 1450 is expected to be tested, from which it is expected to attempt a rebound and continue falling of the cryptocurrency with a target below the level of 1000.

Bitcoin Cash forecast & analysis BCH/USD May 16, 2018

An additional signal in favor of the fall of the cryptocurrency will be a resistance level test, as well as the formation of the «Head and Shoulders» reversal model. Earlier, a weak signal was received for sell of the Bitcoin Cash cryptocurrency, due to the crossing of signal lines at the level of 1600.

Bitcoin Cash forecast & analysis BCH/USD May 16, 2018

The cancellation of the variant of the BCH/USD quotation drop will be the breakdown of the upper Ichimoku Kinko Hyo indicator Cloud and the closing above the level of 1650, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotes BCH/USD stands with the breakdown of the support area and closing below the level of 1250.


Join our Telegram Channel

Post Comment