Bitcoin Cash BCH/USD is trading at 506. The cryptocurrency is trading inside the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bitcoin cash side trend. As part of the Bitcoin Cash forecast & analysis BCH/USD October 8, 2018, the Ichimoku Kinko Hyo Cloud is expected to test below the level of 505, from which we can expect an attempt to rebound and the BCH/USD cryptocurrency to continue to grow above 580.
Bitcoin Cash forecast & analysis BCH/USD October 8, 2018
An additional signal in favor of the growth of cryptocurrency will be a test of the support level, as well as a rebound from the lower boundary of the «Wedge» model. Earlier, a weak signal was received for sell of Bitcoin Cash cryptocurrencies, due to the crossing of signal lines at the 530 level.
Cancellation of the growth rate of BCH/USD quotes will be the fall and breakdown of the lower border of the Ichimoku Kinko Hyo Cloud and close below 490, which will indicate a change in the side trend in favor of the downward trend and the continued fall in cryptocurrency. Expect accelerated growth of BCH/USD quotes with the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and closing above the 540 level.
Bitcoin Cash forecast & analysis BCH/USD October 8, 2018 involves an attempt to correct cryptocurrency and a test level of 505, from which we can expect Bitcoin Cash to continue to grow with a potential target near the level of 580, the decline will be canceled and the breakdown of 490 In this case, we should expect a continuation of the decline.
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