Bitcoin Cash BCH/USD is traded at the level of 571. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates that there is a bullish trend in Bitcoin Cash. The test area of Ichimoku Kinko Hyo signal lines near the level of 570 is expected, from which it is expected to attempt a rebound and continue growth with a view near 735. An additional signal in favor of growth will be a test of the support level.
Bitcoin Cash forecast & analysis on November 6, 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 the 485 area, 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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