Bitcoin Cash BCH/USD is trading at 1361. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin Cash. The test area of Ichimoku Kinko Hyo signal lines near the level of 1250 is expected, from which it is expected to attempt a rebound and continue growth with the target above the level of 1600. An additional signal in favor of the growth of the cryptocurrency will be breakdown of the resistance level.
Bitcoin Cash forecast & analysis on February 15, 2018
Earlier, a weak signal was received for sell of the Bitcoin Cash cryptocurrency, due to the crossing of signal lines at the level of 1270. 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 descending channel and the closing above the level of 1500.
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