Bitcoin Cash BCH/USD is trading at 171. Cryptocurrency is trading below the lower border of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a bearish trend on Bitcoin Cash.
As part of the Bitcoin Cash prediction & analysis BCH/USD November 29, 2018, a test of the Ichimoku Kinko Hyo signal lines is expected to be near the level of 200. Where should we expect an attempt to rebound and continue to lower the BCH/USD cryptocurrency to below 60.
Bitcoin Cash prediction & analysis BCH/USD November 29, 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 bearish channel. 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 295. 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 140.
Bitcoin Cash prediction & analysis BCH/USD November 29, 2018 involves an attempt to correct cryptocurrency and a test of level 200. Where can we expect a further fall in the rate of Bitcoin Cash with a potential target near level 60. Cancellation of the reduction will be made by strong growth and a breakdown of 295. In this case, we can expect continued growth.