Bitcoin Cash BCH/USD is traded at the level of 2439. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. Ichimoku Kinko Hyo Cloud near the level 2500 is expected to be tested near the level of 2500, from which it is expected to attempt a rebound and continue the fall with the target close to 2000. Earlier, a weak signal was received for sell of Bitcoin Cash cryptocurrency, due to crossing of signal lines at 2630 level.
Bitcoin Cash forecast & analysis on January 16, 2018
The cancellation of the variant of the BCH/USD price fall will be the breakdown of the upper bound of the Cloud of the indicator and the closing above the level of 2700, which will indicate a change in the bearish trend in favor of the bullish trend.
In favor of the fall is also the formation of the reversal model «Head and Shoulders». In this case, you should expect a test of the broken neckline and continue falling with a potential target near the level of 1600.
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