Bitcoin Cash BCH/USD is trading at 450. Cryptocurrency is trading below the lower limit of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Bitcoin Cash. As part of the Bitcoin Cash forecast & analysis BCH/USD October 14, 2018, a test of the Ichimoku Kinko Hyo signal lines is expected near the 475 level, from which we can expect an attempt to rebound and continue to lower the BCH/USD cryptocurrency with a target below 380.
Bitcoin Cash forecast & analysis BCH/USD October 14, 2018
An additional signal in favor of reducing cryptocurrency will be a test of the resistance area, as well as a rebound from the upper limit of the downward channel. Previously, a strong signal was received for the sell of Bitcoin Cash, due to the crossing of signal lines at the level of 520.
Cancellation of the BCH/USD quotes reduction option will be a breakdown of the upper limit of the Ichimoku Kinko Hyo Cloud and a close above the 525 level, which will indicate a change in the downward trend in favor of the upward trend and the continued growth of cryptocurrency. Expect to accelerate the fall of BCH/USD quotes with the breakdown of the support area and closing below 425.
Bitcoin Cash forecast & analysis BCH/USD October 14, 2018 involves an attempt to correct cryptocurrency and test level 475, from which it is necessary to expect further fall in the rate of Bitcoin Cash with a potential target near the level 380, a strong growth will take place and cancellation of the reduction option will be in this case, we can expect continued growth.