Bitcoin Cash forecast & analysis on March 28, 2018


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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.

Bitcoin Cash forecast & analysis on March 28, 2018

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.


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