Bitcoin Cash BCH/USD is traded at the level of 1935. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. Ichimoku Kinko Hyo’s lower bound is expected near the level of 2050, from which it is expected to attempt a rebound and continue the fall with the target close to 1400. An additional signal in favor of the drop in the price of the cryptocurrency will be the test of the upper boundary of the bearish channel.
Bitcoin Cash forecast & analysis on January 21, 2018
Earlier, a weak signal was received for buy of Bitcoin Cash cryptocurrency, due to the crossing of signal lines at the level of 1750. The cancellation of the variant of the BCH/USD quotations fall will be the breakdown of the upper bound of the Cloud of the indicator and the closing above the level of 2250, which will indicate the change of the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations BCH/USD stands with a breakdown of the level of 1600.
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