Bitcoin Cash BCH/USD is trading at 1078. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. The test area of Ichimoku Kinko Hyo signal lines near level 1150 is expected, from which it is expected to attempt a rebound and continue falling with a target below the level of 900.
Bitcoin Cash forecast & analysis on March 9, 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 price fall will be the breakdown of the upper boundary of the indicator’s Cloud and the closing above the level of 1300, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations BCH/USD stands with the breakdown of the support area and closing below the level of 1000.
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