Bitcoin Cash BCH/USD is trading at 951. 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 is expected to test near the level of 1000, from which it is expected to attempt a rebound and continue falling with a target below the level of 740.
Bitcoin Cash forecast & analysis on March 18, 2018
An additional signal in favor of the fall of the cryptocurrency will be the test of the upper boundary of the bearish channel. Earlier, a strong signal was received for sales 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 to accelerate the fall in quotations BCH/USD is worth a breakdown of the support area and closing below the level of 850.
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