Bitcoin Cash BCH/USD is traded at the level of 605. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin Cash. Ichimoku Kinko Hyo Cloud near the 590 level is expected to be tested near the level of 590, from which it is expected to attempt a rebound and continue growth with the target close to 730.
Bitcoin Cash forecast & analysis on November 8, 2017
Earlier, a weak signal was received for sell of Bitcoin Cash cryptocurrency, by crossing the signal lines at the level of 595. By abolishing the growth rate of BCH/USD will become a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 530, which will indicate a change in the bullish trend in favor of the bearish trend. Expect the acceleration of the growth of quotations BCH/USD stands with the breakdown of the upper limit of the model «Triangle» and closing above 660.
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