Bitcoin Cash BCH/USD is trading at 2685. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin Cash. Ichimoku Kinko Hyo Cloud is expected to be tested near the 2500 level, from which it is expected to attempt a rebound and continue growth with the target close to 3200.
Bitcoin Cash forecast & analysis on January 11, 2018
Confirmation of the growth of the cryptocurrency will be a breakdown of the resistance level and closing above 2900. Earlier, a weak signal was received for sell of the Bitcoin Cash cryptocurrency, due to crossing of signal lines at 2550 level. The cancellation of the growth of BCH/USD quotations will be the breakdown of the lower boundary of the Indicator Cloud and the closing below the level of 2300, which will indicate a change in the bullish trend in favor of the bearish trend.