Bitcoin Cash BCH/USD is trading at 1148. The cryptocurrency is trading 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 1250 is expected, from which it is expected to attempt a rebound and continue falling of the cryptocurrency with a target below the level of 900.
Bitcoin Cash forecast & analysis BCH/USD May 19, 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 quotations drop will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo indicator Cloud and the closing above the level of 1450, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations BCH/USD is worth a breakdown of the support area and closing below the level of 1050.