Bitcoin Cash BCH/USD is traded at the level of 1211. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Bitcoin Cash. Ichimoku Kinko Hyo Cloud is expected to test near the 1200 level, from which it is expected to attempt a rebound and continue growth with the aim near 1750.
Bitcoin Cash prediction & analysis on November 20, 2017
An additional signal in favor of the growth of the cryptocurrency is the formation of an inverted «Head and Shoulders» model. Earlier, a medium strength signal was received for the buy of Bitcoin Cash cryptocurrency, by crossing the signal lines at 1140. The cancellation of the growth of BCH/USD quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 985, which indicates the change of the bullish trend to the bearish trend. Expect to accelerate the growth of the cryptocurrency is worth a breakdown of the level of 1400.
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