Bitcoin Cash BCH/USD is traded at the level of 872. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. The test area of the Ichimoku Kinko Hyo signal lines near the level 905 is expected, from which it is expected to attempt a rebound and continue falling with a target below the level of 720.
Bitcoin Cash forecast & analysis on March 29, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance level, as well as a test of the upper boundary of the bearish channel. 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 quotation drop will be the breakdown of the upper boundary of the indicator Cloud and the closing above the level of 1030, 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 820.