Bitcoin Cash BCH/USD is trading at 966. 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 near the 980 level is expected to be tested near the 980 level, from which it is expected to attempt a rebound and continue falling with a target below the level of 790.
Bitcoin Cash forecast & analysis on March 20, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the upper boundary of the channel, as well as a test of the resistance level. Earlier, a strong signal was received for sell of the Bitcoin Cash cryptocurrency, by crossing the signal lines at the level of 950.
The cancellation of the variant of the BCH/USD quotation drop will be the breakdown of the upper boundary of the indicator Cloud and the closing above the level of 1000, 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 830.
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