Bitcoin Cash BCH/USD is trading at 388. Cryptocurrency is trading below the lower border of the Ichimoku Kinko Hyo Cloud.
This indicates the presence of a bearish trend on Bitcoin Cash. As part of the Bitcoin Cash prediction & analysis BCH/USD November 19, 2018, a test of the Ichimoku Kinko Hyo signal lines is expected near the level of 400. Where should we expect an attempt to rebound and continue to lower the BCH/USD cryptocurrency with a target below 280.
Bitcoin Cash prediction & analysis BCH/USD November 19, 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 boundary of the descending channel. Earlier, a weak signal was received for SELL the Bitcoin Cash cryptocurrencies, due to the intersection of signal lines at the level of 590.
Cancellation of the BCH/USD quotes reduction option will break the upper limit of the Ichimoku Kinko Hyo Cloud and close above 480. This will indicate a change in the downward trend in favor of the upward trend and the 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 365.
Bitcoin Cash prediction & analysis BCH/USD November 19, 2018 involves an attempt to correct cryptocurrency and a test of level 400. Where should we expect further decline in the rate of Bitcoin Cash with a potential target near level 280. Cancellation of the reduction option will be a strong growth and a breakdown of the area 480. In this case, we can expect continued growth.