Bitcoin Cash BCH/USD is trading at 482. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. As part of the forecast of the exchange rate for September 10, 2018, the Ichimoku Kinko Hyo Cloud lower limit test is expected near the 490 level, from which it is expected to attempt a rebound and continue the fall of the BCH/USD cryptocurrency with a target below 420.
Bitcoin Cash forecast & analysis BCH/USD September 10, 2018
An additional signal in favor of reducing the cryptocurrency will be a test of the resistance level, as well as a test of the upper boundary of the bearish channel. Earlier, a weak signal was received for sales of the Bitcoin Cash cryptocurrency, due to the crossing of signal lines at the level of 600.
The cancellation of the variant of the BCH/USD quotations drop will be the breakdown of the upper Ichimoku Kinko Hyo Cloud and the closing above the level of 515, which will indicate a change in the bearish trend in favor of the upward trend and the continued growth of the cryptocurrency. Expect the acceleration of the fall in quotations BCH/USD stands with the breakdown of the support area and closing below the level of 445.
Bitcoin Cash forecast & analysis BCH/USD September 10, 2018 suggests an attempt at correction of the cryptocurrency and a test of the level of 490, from which it is expected to continue the decline of the Bitcoin Cash rate with a potential target near the level of 420, the cancellation of the decline option will make a strong growth and breakdown of the area 515, in this case expect growth to continue.
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