Bitcoin Cash BCH/USD is traded at the level of 1238. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Bitcoin Cash. Ichimoku Kinko Hyo Cloud near the 1150 level is expected to be tested near the level of 1150, from which one should expect a rebound attempt and continue growth with a target higher than the level of 1600. An additional signal in favor of the growth of the cryptocurrency will be a breakdown of the resistance level.
Bitcoin Cash forecast & analysis on February 14, 2018
Earlier, a weak signal was received for buy of Bitcoin Cash cryptocurrency, due to the crossing of signal lines at the level of 1070. The cancellation of the growth of BCH/USD quotations will be the breakdown of the lower boundary of the Indicator Cloud and the closing below the level of 1050, which will indicate a change in the bullish trend in favor of a bearish trend. Expect the acceleration of the growth of quotations BCH/USD stands with the breakdown of the upper boundary of the bearish channel and the closing above the level of 1500.
