Bitcoin Cash BCH/USD is trading at the level of 1828. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Bitcoin Cash. Ichimoku Kinko Hyo’s lower bound is expected near the level of 1850, from which it is expected to attempt a rebound and continue the fall with a target close to 1200. An additional signal in favor of a drop in the price of the cryptocurrency will come from the upper boundary test of the bearish channel.
Bitcoin Cash forecast & analysis on January 22, 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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