Bitcoin Cash BCH/USD is trading at 2288. 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 2400 level, from which it is expected to attempt a rebound and continue the fall with a target close to 1600. An additional signal in favor of the drop of the cryptocurrency will be a resistance level test.
Bitcoin Cash forecast & analysis on January 2, 2018
Earlier, a signal of medium strength signal was received for sell of the Bitcoin Cash cryptocurrency, due to crossing of the signal lines at the level of 2740. The cancellation of the variant of BCH/USD quotes drop will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the level of 2650, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall of the cryptocurrency Bitcoin Cash with the breakdown of the support level and closing below 2000.