Bitcoin Cash BCH/USD is trading at 1287. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend in Bitcoin Cash. A test of the lower Ichimoku Kinko Hyo near the level of 1200 is expected, from which it is expected to attempt a rebound and continue growth with a goal above the level of 1600.
Bitcoin Cash forecast & analysis BCH/USD May 2, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level. Earlier, a weak signal was received for sell of the Bitcoin Cash cryptocurrency, due to the crossing of signal lines at the level of 1350.
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 1150, which will indicate a change in the flat trend in favor of a bearish trend. Expect to accelerate the growth of quotations BCH/USD stands with the breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo and the closing above the level of 1450.
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