Bitcoin Cash BCH/USD is trading at 1273. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend in Bitcoin Cash. Ichimoku Kinko Hyo Cloud Upper Test is expected 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.
Bitcoin Cash forecast & analysis on March 6, 2018
An additional signal in favor of the fall of the cryptocurrency will be a resistance level test. Earlier, a medium strength signal was received for sell of Bitcoin Cash cryptocurrency, due to the crossing of signal lines at the level of 1250.
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 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 1200.
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