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.