Bitcoin Cash BCH/USD is traded at the level of 906. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Bitcoin Cash. Ichimoku Kinko Hyo Cloud is expected to test near the 945 level, from which it is expected to attempt a rebound and continue falling with a target below the 750 level.
Bitcoin Cash forecast & analysis on March 28, 2018
An additional signal in favor of the fall of the cryptocurrency will be a resistance level test. Earlier, a weak signal was received for sell of the Bitcoin Cash cryptocurrency, due to the crossing of signal lines at the level of 980.
The cancellation of the variant of the BCH/USD quotations decline will be the breakdown of the upper boundary of the Indicator Cloud and the closing above the level of 1050, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotes BCH/USD stands with the breakdown of the lower limit of the model «Triangle» and the closing below the level of 840.