Bitcoin Cash BCH/USD is traded at the level of 450. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. As part of the Bitcoin Cash forecast & analysis BCH/USD September 16, 2018, Ichimoku Kinko Hyo Cloud low limit test is expected near 465 level, from which it is expected to attempt a rebound and continue falling of the BCH/USD cryptocurrency with a target below the level of 375.
Bitcoin Cash forecast & analysis BCH/USD September 16, 2018
An additional signal in favor of reducing the cryptocurrency will be a resistance level test, as well as a rebound from the upper limit of the «Triangle» model. Earlier, a weak signal was received for buy of Bitcoin Cash cryptocurrency, due to the crossing of signal lines at level 445.
The cancellation of the variant of the BCH/USD quotation drop will be the breakdown of the upper Ichimoku Kinko Hyo Cloud and the closing above the 535 level, which will indicate a change in the bearish trend in favor of the bullish trend and the continued growth of the cryptocurrency. Expect to accelerate the fall in quotations BCH/USD stands with the breakdown of the lower boundary of the model «Triangle» and the closing below the level of 430.
Bitcoin Cash forecast & analysis BCH/USD September 16, 2018 involves an attempt to correct the cryptocurrency and test level 465, where we can expect the continued decline in the rate of Bitcoin Cash with a potential target near the level of 375, the abolition of the decline option will make a strong growth and breakdown of the area 535, in this case expect growth to continue.
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