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.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
