Bitcoin Cash BCH/USD is trading at 459. Cryptocurrency is trading below the lower limit of the Ichimoku Kinko Hyo Cloud, indicating a downward trend in Bitcoin Cash. As part of the Bitcoin Cash forecast & analysis BCH/USD October 22, 2018, the Ichimoku Kinko Hyo Cloud lower test is expected to be near the 470 level, from which we can expect an attempt to rebound and continue to lower the BCH/USD cryptocurrency with a goal below 400.
Bitcoin Cash forecast & analysis BCH/USD October 22, 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 445.
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 490, indicating a change in the downward trend in favor of the upward trend and continued growth of cryptocurrency. Expect to accelerate the fall of BCH/USD quotes with the breakdown of the «Neckline» of the «Head and Shoulders» reversal pattern and closing below 430.
Bitcoin Cash forecast & analysis BCH/USD October 22, 2018 involves an attempt to correct cryptocurrency and test level 470, from which we can expect a further fall in the rate of Bitcoin Cash with a potential target near level 400, cancellation of the reduction option will be a strong growth and a breakdown of 490, in this case, we can expect continued growth.