Bitcoin Cash BCH/USD is trading at level 555. Cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating that there is an upward trend in Bitcoin Cash. As part of the Bitcoin Cash prediction & analysis BCH/USD November 6, 2018, a test of the Ichimoku Kinko Hyo signal lines is expected to be near the 530 level. Where should we expect an attempt to rebound and the BCH/USD cryptocurrency to continue to grow above 650.
Bitcoin Cash prediction & analysis BCH/USD November 6, 2018
An additional signal in favor of the growth of cryptocurrency will be a test of the support area, as well as a rebound from the upper limit of the downward channel. Earlier, a weak signal was received for BUY the Bitcoin Cash, due to the intersection of signal lines at the 425 level.
Cancellation of the BCH/USD quotes growth option will be a breakdown of the lower Ichimoku Kinko Hyo Cloud and close below 475, indicating a change in the upward trend in favor of the downward trend and the continuation of the fall of cryptocurrency. Expect to accelerate the growth of quotes BCH/USD stands with the breakdown of the resistance area and closing above the level of 605.
Bitcoin Cash prediction & analysis BCH/USD November 6, 2018 involves an attempt to correct cryptocurrency and a test of level 530, from which we can expect Bitcoin Cash to continue to grow with a potential target near the level of 650. Cancellation of the growth option will be a fall and a breakdown of 475, In this case, we should expect a continuation of the decline.