Bitcoin Cash BCH/USD is trading at 2598. Cryptocurrency is trading above the upper Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. Ichimoku Kinko Hyo Cloud is expected to be tested near the 2450 level, from which it is expected to attempt a rebound and continue growth with the target close to 3200. Confirmation of the growth of the cryptocurrency will trigger a breakdown of the upper boundary of the descending channel and a close above the level of 2850.
Bitcoin Cash forecast & analysis on January 4, 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 growth of BCH/USD quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the level of 2250, which will indicate a change in the bullish trend in favor of a bearish trend. To expect the acceleration of the growth of the cryptocurrency Bitcoin Cash is worth a breakdown of the level of 2850.