Bitcoin Cash BCH/USD is traded at the level of 2165. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Bitcoin Cash. Ichimoku Kinko Hyo signal line area test is near the 2250 level, from which it is expected to attempt a rebound and continue the fall with a target near 1600.
Bitcoin Cash forecast & analysis on December 31, 2017
Earlier, a signal of medium strength signal was received for 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 the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the level of 2750, which will indicate a change in the bearish trend in favor of the bullish trend. To expect the acceleration of the fall of the cryptocurrency Bitcoin Cash with the breakdown of the support level and the closure below 2000.
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