Bitcoin Cash BCH/USD is trading at 1043. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. Ichimoku Kinko Hyo Cloud near the 1050 level is expected to be tested near the level of 1050, from which it is expected to attempt a rebound and continue falling with a target below 850.
Bitcoin Cash forecast & analysis on March 14, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance area. Earlier, a weak signal was received for buy of Bitcoin Cash cryptocurrency, due to the crossing of signal lines at the level of 1050.
The cancellation of the variant of the BCH/USD quotes drop will be the breakdown of the upper boundary of the Indicator Cloud and the closing above the level of 1150, 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 support area and closing below the level of 1000.