Bitcoin Cash BCH/USD is trading at the level of 1002. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Bitcoin Cash. The test area of Ichimoku Kinko Hyo signal lines near the level of 1050 is expected, from which it is expected to attempt a rebound and continue falling with a target below 850.
Bitcoin Cash forecast & analysis on March 15, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the broken neck line of the reversal model «Head and Shoulders». Earlier, a strong signal was received for sell of the Bitcoin Cash cryptocurrency, by crossing the 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 is with the breakdown of the support area and closing below the level of 950.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
