Bitcoin Cash BCH/USD is trading at the level of 1297. 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 1375, from which it is expected to attempt a rebound and continue falling with the target near 1170.
Bitcoin Cash forecast & analysis on December 11, 2017
Earlier, a strong signal was received for sell of Bitcoin Cash cryptocurrency, by crossing signal lines at 1305. The cancellation of 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 1410, which will indicate a change in the downward trend in favor of the upward 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 1110.
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