Bitcoin Cash BCH/USD is trading at 927. The cryptocurrency is traded 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 980 level is expected, from which it is expected to attempt a rebound and continue falling of the cryptocurrency with a target below the level of 700.
Bitcoin Cash forecast & analysis BCH/USD May 29, 2018
An additional signal in favor of the fall of the cryptocurrency will come from the resistance area test, as well as the lower bound of the «Triangle» model. 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 to accelerate the fall in quotations BCH/USD is worth a breakdown of the support area and closing below the level of 900.
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