Bitcoin Cash BCH/USD is trading at 1202. Cryptocurrency is trading above the upper limit of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin Cash. Ichimoku Kinko Hyo Cloud near the 1190 level is expected to be tested near the level of 1190, from which it is expected to attempt a rebound and continue growth with a view near 1720.
Bitcoin Cash prediction & analysis on November 21, 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 obtained to buy 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 area 995, which indicates the shift of the bullish trend in use of a bearish trend. Expect to accelerate the growth of the cryptocurrency is worth a breakdown of the level of 1400.
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