Bitcoin Cash BCH/USD is trading at 433. Cryptocurrency is trading below the lower limit of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a downward trend in Bitcoin Cash. As part of the Bitcoin Cash forecast & analysis BCH/USD October 29, 2018, the Ichimoku Kinko Hyo Cloud lower test is expected to be near the 440 level, from which we can expect an attempt to rebound and continue to lower the BCH/USD cryptocurrency with a goal below 405.
Bitcoin Cash forecast & analysis BCH/USD October 29, 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 border of the «Triangle» model. Previously, a strong signal was received for the sale of Bitcoin Cash cryptocurrencies, due to the crossing of signal lines at the level of 440.
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 450, which will indicate a change in the downward trend in favor of the 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 29, 2018 involves an attempt to correct cryptocurrency and a test level of 440, from which we can expect a further fall in the rate of Bitcoin Cash with a potential target near the level of 405; in this case, we can expect continued growth.