Bitcoin Cash BCH/USD is trading at 1024. 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 1080 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 27, 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 BCH/USD fall will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Indicator Cloud and the close above the level of 1150, which indicates 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 limit of the model «Triangle» and the closing below the level of 950.
