Bitcoin Cash BCH/USD is trading at 1492. The cryptocurrency is trading above the upper limit of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin Cash. Ichimoku Kinko Hyo Cloud is expected to test near the level of 1400, from which it is expected to attempt a rebound and continue growth with a target above the level of 1750.
Bitcoin Cash forecast & analysis BCH/USD May 5, 2018
An additional signal in favor of the growth of the cryptocurrency will be the upper bound of the «Triangle» model. Earlier, a medium strength signal was obtained for the buy of Bitcoin Cash, by crossing the signal lines at level 1400.
The cancellation of the growth of BCH/USD quotations will be the breakdown of the lower boundary of the indicator Cloud and the closing below the level of 1300, which will indicate a change in the bullish trend in favor of the bearish trend. Expect the acceleration of the growth of quotations BCH/USD stands with the breakdown of the resistance area and the closing above the level of 1600.
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