Bitcoin Cash BCH/USD is trading at 155. 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 5, 2018, Ichimoku Kinko Hyo signal lines are expected to test near the level of 165. Where should we expect an attempt to rebound and continue to lower the BCH/USD cryptocurrency with a goal below 125
Bitcoin Cash prediction & analysis BCH/USD December 5, 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 lower boundary of the model «Triangle». Earlier, a strong signal was received for SELL the Bitcoin Cash cryptocurrencies. The signal was formed due to the intersection of signal lines at level 170.
Cancellation of the BCH/USD quotes reduction option will break the upper limit of the Ichimoku Kinko Hyo Cloud and close above 180. 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 in quotes BCH/USD stands with the breakdown of the support area and closing below 150.
Bitcoin Cash prediction & analysis BCH/USD December 5, 2018 involves an attempt to correct cryptocurrency and a test of level 165. Where should Bitcain Cash continue to fall with a potential target near the level of 125. The strong growth and breakdown of the area 180 will cancel the reduction option. In this case, we can expect continued growth.