Bitcoin Cash BCH/USD is traded at the level of 992. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Bitcoin Cash. The test area of Ichimoku Kinko Hyo signal lines near the level 1100 is expected, from which it is expected to attempt a rebound and continue falling of the cryptocurrency with a target below the level of 800.
Bitcoin Cash forecast & analysis BCH/USD May 24, 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.
The cancellation of the variant of the BCH/USD quotes drop will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo indicator Cloud and the closing above the level of 1350, which indicates 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 850.
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