Bitcoin Cash BCH/USD is trading at 2192. Cryptocurrency is trading above the upper limit of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin Cash. Ichimoku Kinko Hyo signal line area test is near the level of 2100, from which it is expected to attempt a rebound and continue growth with the target close to 2700. An additional signal in favor of the growth of the cryptocurrency will be a test of the support level. Earlier, a strong signal was received for the buy of Bitcoin Cash cryptocurrency due to the crossing of the signal lines at the level of 1850.
Bitcoin Cash forecast & analysis on December 20, 2017
The cancellation of the variant of the BCH/USD quotation growth will be the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary with the closing of quotes below the level of 1700, 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 2400.
However, we should not exclude the formation of the reversal model «Head and Shoulders» at small time intervals. Therefore, with breakdown of the level of 2050, we should expect the continuation of the fall of the cryptocurrency in the area below the level of 1700.
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