Bitcoin Cash BCH/USD is trading at 1485. The cryptocurrency is trading 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 1550 level, from which it is expected to attempt a rebound and continue falling with the target near 1100. An additional signal in favor of the fall will be the test of the lower bound of the «Triangle» model.
Bitcoin Cash forecast & analysis on February 1, 2018
Earlier, a strong signal was received for the sell of Bitcoin Cash cryptocurrency, due to the crossing of signal lines at 1620 level. The cancellation of the variant of the BCH/USD quotes fall will be the breakdown of the upper bound of the Cloud of the indicator and the closing above the level of 1850, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations BCH/USD stands with a breakdown of the level of 1350.
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