Bitcoin Cash BCH/USD is trading at 389. 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 cryptocurrency exchange rate forecast for Bitcoin Cash on November 18, 2018, the test of the Ichimoku Kinko Hyo signal lines is expected to be near 400. Where should we expect an attempt to rebound and continue to decline BCH/USD cryptocurrency with a target below 270.
Bitcoin Cash prediction & analysis BCH/USD November 18, 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 boundary of the descending channel. Earlier, a weak signal was received for SELL the Bitcoin Cash cryptocurrencies, due to the crossing of signal lines at the level of 590.
Cancellation of the BCH/USD quotes reduction option will break the upper limit of the Ichimoku Kinko Hyo Cloud and close above level 485. 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 of BCH/USD quotes with the breakdown of the lower boundary of the «Triangle» model and closing below 350.
Bitcoin Cash prediction & analysis BCH/USD November 18, 2018 involves an attempt to correct cryptocurrency and a test of level 400. Where should we expect further decline in the rate of Bitcoin Cash with a potential target near level 270. Cancellation of the decline will be made by strong growth and a breakdown of 485. In this case, we can expect continued growth.
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