Bitcoin Cash BCH/USD is trading at the level of 1585. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. Ichimoku Kinko Hyo Cloud near the 1600 level is expected to be tested near the 1600 level, from which it is expected to attempt a rebound and continue the fall with the target close to 1150.
Bitcoin Cash forecast & analysis on January 31, 2018
Earlier, a weak signal was received for the buy of Bitcoin Cash cryptocurrency, by crossing the signal lines at 1600 level. The cancellation of the variant of the BCH/USD fall will be the breakdown of the upper bound of the Cloud of the indicator and the closing above the level of 1900, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations BCH/USD stands with the breakdown of the lower boundary of the model «Triangle» and the closure below 1450.
