Bitcoin Cash BCH/USD is traded at 621. 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 signal line area test is expected near the level 605, 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 705.
Bitcoin Cash forecast & analysis BCH/USD September 4, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level, as well as a test of the lower border of the channel. Earlier, a strong signal was received for buy of Bitcoin Cash cryptocurrency, due to the intersection 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 535, 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 resistance area and the closing above the level of 670.
Bitcoin Cash forecast & analysis BCH/USD September 4, 2018 involves an attempt to correct the cryptocurrency and test the level of 605, where we can expect the continued growth of the Bitcoin Cash rate with a potential target near the level of 705, the cancellation of the growth option will fall and breakdown of the area 535, in this case expect a continuation of the decline.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
