Bitcoin Cash BCH/USD is trading at 1305. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. Ichimoku Kinko Hyo Cloud is expected to test near the level of 1400, from which one should expect a rebound attempt and continue falling with a target below the level of 900. 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 22, 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 1450. The cancellation of the variant of the BCH/USD quotes fall will be the breakdown of the upper boundary of the Indicator Cloud and the closing above the level of 1550, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotes BCH/USD stands with a breakdown of the level of 1200.
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