Bitcoin Cash forecast & analysis on December 8, 2017


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Bitcoin Cash BCH/USD is trading at 1272. Cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. Ichimoku Kinko Hyo signal line area test is near the level of 1370, from which it is expected to attempt a rebound and continue falling for a target near 1100.

Bitcoin Cash forecast & analysis on December 8, 2017

Bitcoin Cash forecast & analysis on December 8, 2017

Earlier, a weak signal was received for sell of the Bitcoin Cash cryptocurrency, by crossing the signal lines at 1470. By abolishing the variant of the BCH/USD will become a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the level of 1550, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of the cryptocurrency is the breakdown of the lower boundary of the model «Triangle» and the closure below the level of 1170.

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