Bitcoin Cash BCH/USD is traded at the level of 504. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. As part of the Bitcoin Cash forecast & analysis BCH/USD September 8, 2018, Ichimoku Kinko Hyo signal line area test is expected near the 520 level, from which it is expected to attempt a rebound and continue falling of the BCH/USD cryptocurrency with a target below 440 level.
Bitcoin Cash forecast & analysis BCH/USD September 8, 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 sell of the Bitcoin Cash cryptocurrency, due to the crossing of signal lines at the level of 600.
The cancellation of the variant of BCH/USD quotes drop will be the breakdown of the upper Ichimoku Kinko Hyo Cloud and the closing above the level of 580, which will indicate a change in the bearish trend in favor of the bullish trend and the continued growth of the cryptocurrency. Expect to accelerate the fall in quotations BCH/USD is with the breakdown of the support area and closing below the level of 465.
Bitcoin Cash forecast & analysis BCH/USD September 8, 2018 suggests an attempt at correction of the cryptocurrency and a test of the level of 520, from which it is expected to continue the decline of the Bitcoin Cash rate with a potential target near the level 440, the abolition of the decline option will make a strong growth and breakdown of the area 580, in this case expect growth to continue.
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