Bitcoin Cash forecast & analysis on January 6, 2018


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Bitcoin Cash BCH/USD is trading at 2374. The cryptocurrency is trading 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 a view near 3000. The confirmation of the growth of the cryptocurrency will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing above the level of 2550.

Bitcoin Cash forecast & analysis on January 6, 2018

Bitcoin Cash forecast & analysis on January 6, 2018

In favor of the growth of quotes, the «Head and shoulders», which indicates a potential increase in the area above the level of 3600. Earlier, a weak signal was received for buy of Bitcoin Cash cryptocurrency, due to 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.

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