Bitcoin Cash BCH/USD is trading at 1281. 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 1300 is expected, from which it is expected to attempt a rebound and continue falling of the crypto currency with a target below the level of 1000.
Bitcoin Cash forecast & analysis BCH/USD May 18, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance area, as well as the formation of the «Head and Shoulders» reversal model. Earlier, a strong signal was received for sell of the Bitcoin Cash cryptocurrency, by crossing the signal lines at the level of 1400.
Cancellation of the variant of the BCH/USD quotes drop will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo indicator Cloud and the closing above the level of 1500, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations BCH/USD stands with the breakdown of the support area and closing below the level of 1200.