Bitcoin Cash BCH/USD is traded at the level of 1425. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Bitcoin Cash. Ichimoku Kinko Hyo Cloud is expected to test near the level of 1430, from which it is expected to attempt a rebound and continue falling with the target near 1215.
Bitcoin Cash forecast & analysis on December 10, 2017
Earlier, a weak signal was received for buy of Bitcoin Cash cryptocurrency due to the crossing of signal lines at 1350. The abolition the variant of the BCH/USD will become a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the level of 1550, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of the cryptocurrency is the breakdown of the lower boundary of the model «Triangle» and the closure below the level of 1150.
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