Bitcoin Cash BCH/USD is trading at 559. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin Cash. As part of the digital currency forecast, the Ichimoku Kinko Hyo Cloud upper limit test is expected near the 545 level, from which it is expected to attempt a rebound and continue the growth of the BCH/USD cryptocurrency with a target above the level of 610.
Bitcoin Cash forecast & analysis BCH/USD September 2, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level. Earlier, a strong signal was received for buy of Bitcoin Cash cryptocurrency, due to the crossing of signal lines at 545 level.
The cancellation of the growth of BCH/USD quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closing below the level of 525, which will indicate a change in the bullish trend in favor of the bearish trend and the continued fall of the cryptocurrency. To expect confirmation of the growth of quotations BCH/USD stands with the breakdown of the upper limit of the model «Triangle» and the closing above the level of 575.
Bitcoin Cash forecast & analysis BCH/USD September 2, 2018 involves an attempt to correct the cryptocurrency and test level 545, where we can expect the continuation of the growth rate of Bitcoin Cash with a potential target near the level of 610, the cancellation of the growth option will fall and the breakdown of the area 525, in this case expect a continuation of the decline.
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