Bitcoin Cash BCH/USD is trading at 1174. 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 1200 level is expected to be tested near the level of 1200, 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 23, 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 strong signal was received for sell of the Bitcoin Cash cryptocurrency, by crossing the signal lines at the level of 1230.
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 lower boundary of the model «Triangle» and the closing below the level of 1100.
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