Bitcoin Cash BCH/USD is trading at 2369. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. A support level test is expected near the level of 2250, from which it is expected to attempt a rebound and continue growth with the target close to 3100. Confirmation of the growth of the cryptocurrency will be a breakdown of the upper boundary of the bearish channel and a close above the level of 2750.
Bitcoin Cash forecast & analysis on January 5, 2018
In favor of the growth of quotes is the formation of the reversal model «Head and Shoulders» which points to the potential growth in the area above the level of 3600. Earlier, a weak signal was received for buy of Bitcoin Cash cryptocurrency, due to the crossing of signal lines at the level of 2500. Cancellation of the variant of growth of quotations BCH/USD will be a breakdown at the level of 2100, which will indicate the continuation of the drop in quotes and the cancellation of the reversal pattern. Expect to accelerate the growth of the cryptocurrency Bitcoin Cash is at the breakdown of the level of 2600.