Bitcoin Cash BCH/USD is traded at the level of 1220. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Bitcoin Cash. The test of the lower boundary of Ichimoku Kinko Hyo Cloud 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 950 level.
Bitcoin Cash forecast & analysis BCH/USD May 22, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance area, as well as a test of the upper boundary of the bearish channel. Earlier, a weak signal was received for buy of the Bitcoin Cash cryptocurrency, by crossing the signal lines at 1200 level.
Cancellation of the variant of the BCH/USD quotation drop will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo indicator Cloud and the closing above the level of 1400, 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 1100.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
