Bitcoin Cash BCH/USD is trading at 133. Quotes continue to move in terms of decline. The capitalization of a digital asset at the time of publication of analysts is $2 365 900 826. The cryptocurrency is trading below the lower limit of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a bearish trend on Bitcoin Cash. As part of the Bitcoin Cash Forecast and Analysis January 14, 2019, the test of the Ichimoku Kinko Hyo signal lines is expected to be near the level of 140. Where should we expect a rebound and a further fall in the BCH USD cryptocurrency with a target below 100.
Bitcoin Cash Forecast and Analysis January 14, 2019
An additional signal in favor of the fall of cryptocurrency will be the test of the resistance area. As well as a rebound from the lower boundary of the model «Triangle». Earlier, a strong signal was received for SELL the Bitcoin Cash cryptocurrencies. The signal was formed due to the intersection of the signal lines at the level of 160.
Cancellation of the drop in BCH/USD quotes option will break the upper limit of the Ichimoku Kinko Hyo Cloud and close above level 165. This will indicate a change in the downward trend in favor of an upward trend and continued growth in cryptocurrency. Expect confirmation of a fall in BCH/USD quotes with a breakdown of the support area and closure below 120.
Bitcoin Cash Forecast and Analysis January 14, 2019 involves an attempt to correct cryptocurrency and a test of level 140. Where should we expect a further fall in the rate of Bitcoin Cash with a potential target near level 100. Cancellation of the reduction option will be a strong growth and a breakdown of the area 165. In this case, we should expect continued growth.