Bitcoin Cash BCH/USD is trading at 1355. The cryptocurrency is trading above the upper limit of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin Cash. Ichimoku Kinko Hyo signal line area test is near the level of 1300, from which it is expected to attempt a rebound and continue growth with a target above the level of 1600. An additional signal in favor of the growth of the cryptocurrency will be the test of the upper boundary of the bearish channel.
Bitcoin Cash forecast & analysis on February 16, 2018
Earlier, a strong signal was received for buy of Bitcoin Cash cryptocurrency, due to crossing of signal lines at level 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 resistance area and the closing above the level of 1500.
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