Bitcoin Cash BCH/USD is trading at 1209. 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 1250 level is expected to be tested near the 1250 level, from which it is expected to attempt a rebound and continue falling with a target below 950. An additional signal in favor of the drop of the cryptocurrency will be the test of the upper limit of the «Triangle» model.
Bitcoin Cash forecast & analysis on March 1, 2018
Earlier, a weak signal was received for buy of Bitcoin Cash cryptocurrency, due to crossing of signal lines at the level of 1220. The cancellation of the variant of the BCH/USD quotation drop will be the breakdown of the upper boundary of the Indicator Cloud and the closing above the level of 1450, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations BCH/USD stands with the breakdown of the lower boundary of the model «Triangle» and the closure below the level of 1150.
