Bitcoin Cash BCH/USD is trading at 79. Cryptocurrency is trading below the lower border of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a bearish trend on Bitcoin Cash. As part of the Bitcoin Cash prediction & analysis BCH/USD December 17, 2018, the Ichimoku Kinko Hyo Cloud is expected to test below the level of 80. Where should we expect an attempt to rebound and continue to lower the BCH/USD cryptocurrency with a goal below 60.
Bitcoin Cash prediction & analysis BCH/USD December 17, 2018
An additional signal in favor of the fall of cryptocurrency will be the test of the resistance area. As well as a rebound from the upper limit of the descending channel. Earlier, a strong signal was received for SELL the Bitcoin Cash cryptocurrencies. The signal was formed due to the intersection of the signal lines at level 95.
Cancellation of the BCH/USD quotes reduction option will break the upper limit of the Ichimoku Kinko Hyo Cloud and close above 90. This will indicate a change in the downward trend in favor of the upward trend and continued growth of cryptocurrency. Expect to accelerate the fall in quotes BCH/USD stands with the breakdown of the support area and closing below 70.
Bitcoin Cash prediction & analysis BCH/USD December 17, 2018 involves an attempt to correct cryptocurrency and a test of level 80. Where to expect the continuation of the fall of Bitcoin Cash with a potential target near level 60. Cancellation of the reduction option will be a strong growth and a breakdown of the area 90. In this case, we can expect continued growth.
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