Bitcoin Cash BCH/USD is trading at 448. The cryptocurrency is trading below the lower limit of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a downward trend in Bitcoin Cash. As part of the Bitcoin Cash forecast & analysis BCH/USD October 15, 2018, the test of the Ichimoku Kinko Hyo signal lines is expected to be near the 460 level, from which we should 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 15, 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 cryptocurrencies, 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 close above 495, 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 15, 2018 involves an attempt to correct cryptocurrency and test level 460, from which it is necessary to expect a 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 decline will be 495, in this case, we can expect continued growth.