Bitcoin Cash BCH/USD is trading at 1753. Cryptocurrency is traded above the upper limit of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin Cash. The Ichimoku Kinko Hyo signal line area test is expected near the 1650 level, from which it is expected to attempt a rebound and continue growth with the target close to 2300. An additional signal in favor of the growth of the cryptocurrency will come from the upper bound of the “Triangle” model.
Bitcoin Cash forecast & analysis on December 17, 2017
Earlier, a weak signal was received for the buy of Bitcoin Cash cryptocurrency, by crossing the signal lines at 1315. The cancellation of the growth of BCH/USD quotations will be the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary with the closing of quotes below the level of 1450, which will indicate a change in the bullish trend in favor of bearish trend. To expect the acceleration of the growth of the cryptocurrency Bitcoin Cash with the breakdown of the level of 2000.
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