Bitcoin Cash BCH/USD is trading at 1333. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. The test area of Ichimoku Kinko Hyo signal lines near the level of 1400 is expected, from which it is expected to attempt a rebound and continue falling with a target near 1000. An additional signal in favor of the drop of the cryptocurrency will be a test of the resistance level.
Bitcoin Cash forecast & analysis on February 2, 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 drop will be the breakdown of the upper Cloud of the indicator and the closing above the level of 1750, 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 1250.
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