Bitcoin Cash BCH/USD is trading at 2463. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. Ichimoku Kinko Hyo Cloud near the level 2550 is expected to be tested near the level of 2550, from which it is expected to attempt a rebound and continue the fall with the target close to 1900. An additional signal in favor of the fall of the cryptocurrency will come from the upper boundary test of the bearish channel.
Bitcoin Cash forecast & analysis on January 3, 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 the BCH/USD quotes drop will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the level of 2750, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of the cryptocurrency Bitcoin Cash stands with the breakdown of the lower boundary of the channel and the closure below 1750.