Bitcoin Cash BCH/USD is traded at the level of 1244. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of 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 1000. An additional signal in favor of the drop of the cryptocurrency will be a resistance level test.
Bitcoin Cash forecast & analysis on March 5, 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.
