Bitcoin Cash BCH/USD is traded at the level of 1466. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Bitcoin Cash. The test area of the Ichimoku Kinko Hyo cloud is expected near the level of 1400, from which it is expected to attempt a rebound and continue growth with the target near 1805. An additional signal in favor of the growth of the cryptocurrency will be the upper bound of the «Triangle» model.
Bitcoin Cash forecast & analysis on December 16, 2017
Earlier, a weak signal was received for buy of Bitcoin Cash cryptocurrency, by crossing signal lines at 1315. The cancellation of the growth of BCH/USD quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the level of 1300, which will indicate a change in the bullish trend in favor of bearish trend. Expect to accelerate the growth of the cryptocurrency Bitcoin Cash is worth a breakdown of the level of 1550.
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