Bitcoin Cash BCH/USD is traded at the level of 1745. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in Bitcoin Cash. Ichimoku Kinko Hyo Cloud near the 1800 level is expected to be tested near the level of 1800, from which it is expected to attempt a rebound and continue the fall with a target near 1500.
Bitcoin Cash forecast & analysis on January 29, 2018
Earlier, a weak signal was received for buy of Bitcoin Cash cryptocurrency, due to intersection of signal lines at 1600 level. The cancellation of the variant of the BCH/USD price fall will be the breakdown of the upper bound of the indicator Cloud and the closing above the level of 1900, which will indicate a change in the flat trend in favor of the bullish trend. Expect the acceleration of the fall in quotes BCH/USD stands with the breakdown of the lower boundary of the indicator Cloud and the closing below 1650.
