Bitcoin Cash BCH/USD is traded at the level of 1600. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Bitcoin Cash. Ichimoku Kinko Hyo signal line area test is near the 1700 level, from which it is expected to attempt a rebound and continue the fall with the target close to 1100.
Bitcoin Cash forecast & analysis on January 25, 2018
An additional signal in favor of falling of the quotations of the cryptocurrency will be the test of the upper boundary of the bearish channel. Earlier, a strong signal was received for sell of the Bitcoin Cash cryptocurrency, due to the crossing of the signal lines at the 1950 level.
The cancellation of the variant of the BCH/USD quotes fall will be the breakdown of the upper bound of the Cloud of the indicator and the closing above the level of 2050, 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 1400.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
