Bitcoin Cash BCH/USD is trading at the level of 1596. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. Ichimoku Kinko Hyo lower limit test is expected near the level of 1750, from which it is expected to attempt a rebound and continue the fall with a target close to 850. An additional signal in favor of falling of the quotations of the cryptocurrency will be the test of the upper boundary of the bearish channel.
Bitcoin Cash forecast & analysis on January 23, 2018
Earlier, a strong signal was received for sell of the Bitcoin Cash cryptocurrency, due to the crossing of the signal lines at the 1950 level. 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 2150, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotes BCH/USD stands with a breakdown of the level of 1200.
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