Bitcoin Cash BCH/USD is traded at the level of 1250. The cryptocurrency is trading 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 1350, from which it is expected to attempt a rebound and continue the fall with a target near 850. An additional signal in favor of the drop of the cryptocurrency will be a test of the resistance level, as well as a test of the upper boundary of the bearish channel.
Bitcoin Cash forecast & analysis on February 4, 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 fall will be the breakdown of the upper bound of the indicator Cloud and the closing above the level of 1650, 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 level and closing below the level of 1000.
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