Bitcoin Cash BCH/USD is trading at 1284. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend in Bitcoin Cash. It is expected to test the resistance area near the level of 1300, from which it is expected to attempt a rebound and continue falling with a target below the level of 1050. An additional signal in favor of the fall of the cryptocurrency will come from the upper bound of the «Triangle» model.
Bitcoin Cash forecast & analysis on March 2, 2018
Earlier, a weak signal was received for buy of Bitcoin Cash cryptocurrency, due to crossing of signal lines at the level of 1220. The cancellation of the variant of the BCH/USD quotations drop will be the breakdown of the upper boundary of the Indicator Cloud and the closing above the level of 1350, which will indicate a change in the flat trend in favor of the bullish trend. Expect to accelerate the fall in quotations BCH/USD stands with the breakdown of the lower boundary of the model «Triangle» and the closure below the level of 1150.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
