Bitcoin Cash BCH/USD is trading at 188. Cryptocurrency is trading below the lower boundary 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 November 30, 2018, the Ichimoku Kinko Hyo Cloud lower test is expected to be near the level of 195. Where should we expect an attempt to rebound and continue to lower the BCH/USD cryptocurrency with a goal below 50.
Bitcoin Cash prediction & analysis BCH/USD November 30, 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 290. 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 model «Triangle» and closing below 135.
Bitcoin Cash prediction & analysis BCH/USD November 30, 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 50. Cancellation of the reduction option will be a strong growth and a breakdown of 290. In this case, we can expect continued growth.