Bitcoin Cash BCH/USD is trading at 1207. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. Ichimoku Kinko Hyo Cloud near the 1250 level is expected to be tested near the level of 1250, from which it is expected to attempt a rebound and continue falling with a target below the level of 1050.
Bitcoin Cash forecast & analysis on March 7, 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 upward trend. Expect the acceleration of the fall in quotations BCH/USD stands with the breakdown of the support area and closing below the level of 1100.
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