Bitcoin Cash BCH/USD is trading at 1042. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin Cash. The test area of Ichimoku Kinko Hyo signal lines near the 980 level is expected, from which it is expected to attempt a rebound and continue growth with the target close to 1250. An additional signal to benefit from the growth of the cryptocurrency will be a test of the broken «Triangle» model boundary.
Bitcoin Cash forecast & analysis on November 12, 2017
Earlier, a strong signal was received for the buy of Bitcoin Cash cryptocurrency, by crossing the signal lines at the level of 595. By canceling the growth of the BCH/USD quotations there will be a breakdown of the Ichimoku Kinko Hyo Cloud lower boundary with the closing of quotes below the 720 area, which will indicate a bullish trend in favor of bearish trend.
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