Bitcoin Cash BCH/USD is trading at 1409. Cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend in Bitcoin Cash. Ichimoku Kinko Hyo Cloud is expected to test the lower boundary near the level of 1390, from which it is expected to attempt a rebound and continue growth with a view near 1670. An additional signal in favor of the growth of the cryptocurrency will be the test of the lower boundary of the bullish channel.
Bitcoin Cash forecast & analysis on December 7, 2017
Earlier, a weak signal was received for sell of the Bitcoin Cash cryptocurrency, by crossing the signal lines at the level of 1470. 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 quotations below the level of 1310, which will indicate a change of the bullish trend in favor of a bearish trend and a continuing fall. Expect to accelerate the growth of the cryptocurrency is the breakdown of the upper boundary of the indicator Cloud and the closing above the level of 1470.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
