Bitcoin Cash BCH/USD is traded at the level of 1175. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin Cash. Ichimoku Kinko Hyo Cloud near the 1150 level is expected to be tested near the level of 1150, from which it is expected to attempt a rebound and continue growth with a target near 1650.
Bitcoin Cash prediction & analysis on November 22, 2017
An additional signal in favor of the growth of the cryptocurrency is the formation of a 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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