Bitcoin Cash forecast and analysis on 7 September 2018

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Bitcoin Cash forecast and analysis on 7 September 2018

Cryptocurrency Bitcoin Cash BCH/USD is trading at 506. Cryptocurrency trading below the lower border of the Ichimoku Kinko Hyo Cloud that indicates the presence of a downward trend in the Bitcoin Cash. Under the forecast of the digital currency, is expected to test region signal lines Ichimoku Kinko Hyo 525 near the level where we can expect attempt to rebound and continue to fall cryptocurrency BCH/USD with a target below the level of the 425.

Bitcoin Cash forecast and analysis on 7 September 2018

Additional signal in favor of reducing the cryptocurrency will perform a test of the resistance level and test the upper boundary of the descending channel. Earlier it was obtained a weak signal for selling Bitcoin for Cash, due to the intersection of the signal lines 600.

The cancellation option drop in prices of BCH/USD will be a break of the upper border of the Ichimoku Kinko Hyo Cloud and closing above the level of 590, which will point to a change in the downward trend in favor of the upward trend and the continued growth of the cryptocurrency. To expect acceleration of falling of quotations BCH/USD is a breakout of the support area and closing below the level of 475.

Thus, Bitcoin Cash forecast and analysis on 7 September 2018 involves the attempt to correct cryptocurrency and level test 525, where we can expect further rate fall of Bitcoin is Cash with a potential target near the level 425, cancellation of risk will deliver strong growth and the breakdown region 590, in this case, we can expect continued growth.

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