Bitcoin Cash BCH/USD is trading at 183. Cryptocurrency is trading below the lower border of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a downward trend on Bitcoin Cash.
As part of the Bitcoin Cash prediction & analysis BCH/USD December 3, 2018, the Ichimoku Kinko Hyo Cloud is expected to test below the level of 195. Where should we expect an attempt to rebound and continue to lower the BCH/USD cryptocurrency with a target below 100.
Bitcoin Cash prediction & analysis BCH/USD December 3, 2018
An additional signal in favor of the fall of cryptocurrency will be the test of the resistance area. As well as a rebound from the upper limit of the model «Triangle». Earlier, a weak signal was received for BUY the Bitcoin Cash cryptocurrencies. The signal was formed due to the intersection of the signal lines at the level of 175.
Cancellation of the BCH/USD quotes reduction option will break the upper limit of the Ichimoku Kinko Hyo Cloud and close above 245. This 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 closing below 165.
Bitcoin Cash prediction & analysis BCH/USD December 3, 2018 involves an attempt to correct cryptocurrency and a test of level 195. Where should we expect further decline in the rate of Bitcoin Cash with a potential target near level 100. Cancellation of the reduction option will be made by strong growth and a breakdown of 245. In this case, we can expect continued growth.