Bitcoin Cash BCH/USD is traded at the level of 1599. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Bitcoin Cash. Ichimoku Kinko Hyo signal line area test is expected near the level of 1650, from which it is expected to attempt a rebound and continue falling with the target near 1100. 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 26, 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 price fall will be the breakdown of the upper bound of the Cloud of the indicator and the closing above the level of 2000, 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 1400.
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