Bitcoin Cash BCH/USD is closing the trading week near the 1770 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 2000, from which it is expected to attempt a rebound and continue the bearish trend development with a target below the level of 800. An additional signal in favor of the drop of the cryptocurrency will be a resistance level test.
Bitcoin Cash weekly forecast January 22 — 26, 2018
Earlier, a medium strength signal was received for the sell of Bitcoin Cash cryptocurrency, due to the crossing of signal lines at 2450 level. 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. Expect to accelerate the fall of quotations is with the breakdown of the level of 1450.
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