Bitcoin Cash BCH/USD is completing the trading week near the 1719 area. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. The current trading week is expected to test the area of the Ichimoku Kinko Hyo signal lines near 1850, from which it is expected to attempt a rebound and continue to develop a bearish trend with a target below the level of 800.
Bitcoin Cash forecast January 29 — February 2, 2018
Earlier, a medium strength signal was obtained for sell of Bitcoin Cash cryptocurrency, by crossing signal lines at the level 2450. The cancellation of the variant of the BCH/USD quotes fall will be the breakdown of the upper boundary of the Indicator Cloud and the closing above the level of 2750, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations is with the breakdown of the lower boundary of the model «Triangle» and closing below the level of 1350.
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