Bitcoin Cash BCH/USD is trading at the level of 1010. 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 1100 level, from which it is expected to attempt a rebound and continue the fall with a target close to 600. An additional signal in favor of the drop of the cryptocurrency will be the test of the upper boundary of the bearish channel, as well as the resistance level test.
Bitcoin Cash forecast & analysis on February 8, 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 1300, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations BCH/USD is worth a breakdown of the support area and closing below the level of 700.
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