Bitcoin Cash BCH/USD is trading at 1200. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish 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 falling with a target below 950. An additional signal in favor of the drop of the cryptocurrency will be a resistance level test.
Bitcoin Cash forecast & analysis on February 23, 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 quotations BCH/USD stands with the breakdown of the level of 1150.
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