Bitcoin Cash BCH/USD is trading at 1147. 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 1200, from which it is expected to attempt a rebound and continue the fall with a target below 950. An additional signal in favor of the fall of the cryptocurrency will come from the test of the upper boundary of the bearish channel. 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.
Bitcoin Cash forecast & analysis on February 26, 2018
The cancellation of the variant of the BCH/USD quotation drop will be the breakdown of the upper boundary of the indicator Cloud and the closing above the level of 1450, 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 support area and closings below the level of 1150. In favor of the drop in quotations of the Bitcoin Cash cryptocurrency, the formation of the bearish model of «Wolfe Wave» also appears.
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