Bitcoin Cash BCH/USD is completing the trading week near the area of 1062. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Bitcoin Cash. In the current trading week, the Ichimoku Kinko Hyo signal line area is expected to test near 1350, from which it is expected to attempt a rebound and continue to develop a bearish trend with a target below the level of 500.
Bitcoin Cash weekly forecast February 5 — 9, 2018
Earlier, a medium strength signal was obtained for sell of Bitcoin Cash cryptocurrency, by crossing signal lines at the level 2450. The cancellation of the variant of the BCH/USD quotes fall will be the breakdown of the upper boundary of the Indicator Cloud and the closing above the level of 2750, which will indicate a change in the bearish trend in favor of the bullish trend. To expect the acceleration of falling quotations is with the breakdown of the level of support and closing below the level of 400.
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