Bitcoin Cash BCH/USD is trading at 987. 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 1050 level is expected to be tested near the 1050 level, from which it is expected to attempt a rebound and continue falling of the cryptocurrency with a target below the level of 750.
Bitcoin Cash forecast & analysis BCH/USD May 28, 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 descending 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.
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