Bitcoin Cash BCH/USD is traded at the level of 2299. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. A support area test is expected near the 1950 level, from which it is expected to attempt a rebound and growth with a target near 2600.
Bitcoin Cash forecast & analysis on December 25, 2017
Earlier, a weak signal was received for the sale of the Bitcoin Cash cryptocurrency, by crossing the signal lines at 2620. The cancellation of the growth of BCH/USD support with the closing of quotes below the level of 1700, which indicates the continuation of the fall. Expect to accelerate the growth of the Bitcoin Cash cryptocurrency with the breakdown of the upper bound of the Cloud of the indicator and the closing above the level of 2650.
We should not exclude the attempt to form the «Triangle» model, so with the breakdown of the level 2800 it is expected to continue the growth of the cryptocurrency with a target above 4600, the abolition of growth will break through the area of 1900.
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