Bitcoin Cash BCH/USD is trading at 1613. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Bitcoin Cash. The test area of Ichimoku Kinko Hyo signal lines near the level of 1700 is expected, from which it is expected to attempt a rebound and continue the fall with the target close to 1100. An additional signal in favor of falling of the quotes of the cryptocurrency will be a resistance level test.
Bitcoin Cash forecast & analysis on January 27, 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 quotes BCH/USD stands with the breakdown of the support level and closing below 1400.
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