Bitcoin Cash BCH/USD is trading at 173. 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 November 28, 2018, the test of the Ichimoku Kinko Hyo signal lines is expected to be near the level of 185. Where should we expect an attempt to rebound and continue to reduce the cryptocurrency of BCH/USD with a target below 50.
Bitcoin Cash prediction & analysis BCH/USD November 28, 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 of Bitcoin Cash. The signal was formed 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 300. 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 of BCH/USD quotes with the breakdown of the support area and closing below 150.
Bitcoin Cash prediction & analysis BCH/USD November 28, 2018 involves an attempt to correct cryptocurrency and a test of level 200. 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 the 305 area. In this case, we can expect continued growth.