Bitcoin Cash BCH/USD is completing the trading week near the 1146 area. 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 be tested near 1250, from which it is expected to attempt a rebound and continue to develop a bearish trend with a target below the level of 350. An additional signal in favor of the drop of the cryptocurrency will come from the upper boundary test of the bearish channel.
Bitcoin Cash weekly forecast February 26 — March 2, 2018
Earlier, a weak signal was received for purchases 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 fall will be the breakdown of the upper boundary of the indicator Cloud and the closing above the level of 1900, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of falling quotes is with the breakdown of the level of support and closing below the level of 1000.
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