Bitcoin Cash BCH/USD is trading at 1407. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. The test area of Ichimoku Kinko Hyo signal lines near the level of 1650 is expected, from which it is expected to attempt a rebound and continue the fall with a target close to 800. An additional signal in favor of falling of the quotations of the cryptocurrency will be a resistance level test.
Bitcoin Cash forecast & analysis on January 18, 2018
Earlier, a weak signal was received for sell of the Bitcoin Cash cryptocurrency, due to the crossing of signal lines at the level of 2630. The cancellation of the variant of the BCH/USD quotations fall will be the breakdown of the upper bound of the Cloud of the indicator and the closing above the level of 2250, which will indicate the change of the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations BCH/USD stands with a breakdown of the level of 1250.