Bitcoin Cash BCH/USD is traded at 626. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin Cash. Ichimoku Kinko Hyo signal line area test is near the level of 570, from which it is expected to attempt a rebound and continue growth with a target close to 800. An additional signal in favor of growth is the test of the lower boundary of the bullish channel.
Bitcoin Cash forecast & analysis on November 5, 2017
Earlier, a weak signal was received for buy of Bitcoin Cash cryptocurrency due to the crossing of signal lines at 320. The cancellation of the growth of BCH/USD quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below 480, which will indicate a change in the bullish trend in favor of bearish trend. Expect to accelerate the growth of quotations BCH/USD stands with a breakdown of the local maximum level and closing above 690.
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