Bitcoin Cash forecast & analysis on January 9, 2018


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Bitcoin Cash BCH/USD is trading at 2279. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. Ichimoku Kinko Hyo Cloud near the level 2400 is expected to be tested near the level of 2400, from which it is expected to attempt a rebound and continue the fall with a target close to 1800.

Bitcoin Cash forecast & analysis on January 9, 2018

Bitcoin Cash forecast & analysis on January 9, 2018

In favor of falling quotes is the breakdown of the lower boundary of the «Triangle» model. Earlier, a weak signal was received for sell of the Bitcoin Cash cryptocurrency, due to the crossing of signal lines at the level of 2550. The cancellation of the variant of the BCH/USD quotations drop will be a breakdown of the level of 2600, which will indicate a change in the bearish trend in favor of the bullish trend.

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