Bitcoin Cash BCH/USD is trading at 440. Cryptocurrency is trading below the lower limit of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. As part of the Bitcoin Cash forecast & analysis BCH/USD October 23, 2018, the Ichimoku Kinko Hyo Cloud lower test is expected to be near the 455 level, from which we can expect an attempt to rebound and continue to lower the BCH/USD cryptocurrency with a target below 400.
Bitcoin Cash forecast & analysis BCH/USD October 23, 2018
An additional signal in favor of reducing cryptocurrency will be a test of the resistance area, as well as a rebound from the upper limit of the downward channel. Earlier, a weak signal was received for buy of Bitcoin Cash cryptocurrencies, due to the crossing of signal lines at the level of 445.
Cancellation of the BCH/USD quotes reduction option will be a breakdown of the upper limit of the Ichimoku Kinko Hyo Cloud and close above 475, which will indicate a change in the downward trend in favor of an upward trend and continued growth of cryptocurrency. Expect to accelerate the fall of BCH/USD quotes with the breakdown of the lower boundary of the «Triangle» model and closure below 420.
Bitcoin Cash forecast & analysis BCH/USD October 23, 2018 involves an attempt to correct cryptocurrency and a test level of 455, from which we can expect a further fall in the rate of Bitcoin Cash with a potential target near the level of 400, the cancellation option will be a strong growth and a breakdown of 475, in this case, we can expect continued growth.