Bitcoin Cash BCH/USD is completing the trading week near the area of 1474. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. In the current trading week, the Ichimoku Kinko Hyo signal line area is expected to test near 1600, from which it is expected to attempt a rebound and continue to develop a bearish trend with a target below the level of 400.
Bitcoin Cash weekly forecast on February 19 — 23, 2018
An additional signal in favor of the fall of the cryptocurrency will come from the upper boundary test of the bearish channel. Earlier, a weak signal was received for buy of Bitcoin Cash cryptocurrency, due to the crossing of signal lines at the level of 1350.
The cancellation of the variant of the BCH/USD quotations drop will be the breakdown of the upper boundary of the indicator Cloud and the closing above the level of 2350, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of falling quotations is with the breakdown of the level of support and closing below the level of 1100.
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