Bitcoin Cash BCH/USD is traded at the level of 2445. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Bitcoin Cash. Ichimoku Kinko Hyo Cloud near the 2600 level is expected to be tested near the level of 2600, from which it is expected to attempt a rebound and continue the fall with a target near 1850.
Bitcoin Cash forecast & analysis on December 29, 2017
Earlier, a signal of medium strength signal was received for the sell of the Bitcoin Cash cryptocurrency, by crossing the signal lines at the level of 2740. The cancellation of the variant of the BCH/USD quotes drop will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the level of 2950, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of the cryptocurrency Bitcoin Cash costs with the breakdown of the support level and closing below 2050.
