Bitcoin Cash BCH/USD is trading at 949. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. The test area of Ichimoku Kinko Hyo signal lines near the level of 1000 is expected, from which it is expected to attempt a rebound and continue falling with a target below the level of 850.
Bitcoin Cash forecast & analysis on March 16, 2018
An additional signal in favor of the fall of the cryptocurrency will be a resistance level test. 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 the acceleration of the fall in quotations BCH/USD is with the breakdown of the support area and closing below the level of 900.
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