Bitcoin Cash BCH/USD is traded at the level of 1665. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin Cash. Ichimoku Kinko Hyo signal line area test is near the level of 1520, from which it is expected to attempt a rebound and continue growth with a view near 1950. An additional signal in favor of the growth of the cryptocurrency quotations will be the test of the lower boundary of the bullish channel.
Bitcoin Cash prediction & analysis on November 27, 2017
Earlier, a medium strength signal was received for buy of Bitcoin Cash cryptocurrency, due to the crossing of 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 1250, which indicates a change in the bullish trend in the benefit of a bearish trend. Expect to accelerate the growth of the cryptocurrency is the breakdown of the upper limit of the model «Triangle» and the closure above the level of 1750.
