Bitcoin Cash BCH/USD is trading at 928. The cryptocurrency is trading 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 750.
Bitcoin Cash forecast & analysis on March 17, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance level, as well as a test of the upper boundary of the bearish channel. 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 1100, which will indicate the change of 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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