Bitcoin Cash BCH/USD is trading at 1907. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. Ichimoku Kinko Hyo signal line area test is near the 2000 level, from which it is expected to attempt a rebound and continue falling with the target close to 1400. An additional signal in favor of the drop in the price of the cryptocurrency will be the test of the upper boundary of the bearish channel.
Bitcoin Cash forecast & analysis on January 19, 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 quotes drop will be the breakdown of the upper bound of the Cloud of the indicator and the closing above the level of 2550, which will indicate a change in 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 1600.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
