Bitcoin Cash BCH/USD is trading at 412. 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 prediction & analysis BCH/USD November 2, 2018, Ichimoku Kinko Hyo signal lines are expected to test near the level of 420, from which we can expect an attempt to rebound and continue to lower the BCH/USD cryptocurrency with a target below 375.
Bitcoin Cash prediction & analysis BCH/USD November 2, 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. Previously, a strong signal was received for the SELL the 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 445, 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 support area and closing below 400.
Bitcoin Cash prediction & analysis BCH/USD November 2, 2018 involves an attempt to correct cryptocurrency and a test of level 420, from which we can expect a further fall in the rate of Bitcoin Cash with a potential target near the level of 375, the cancellation of the reduction option will be a strong growth and a breakdown of 445, in this case, we can expect continued growth.