Analysis for 2020-06-25
Bitcoin Cash (BCH) An additional signal in favor of the fall of the cryptocurrency will come from the upper bound of the « Triangle» model. Earlier, a weak signal was received for buy of Bitcoin Cash cryptocurrency, due to the crossing of signal lines at 630 level. The cancellation of the variant of Bitcoin quotations drop will be the breakdown of the upper boundary of the Indicator Cloud and the closing above the level of 810, which will indicate the change of the bearish trend in favor of the bullish trend. Expect the acceleration of falling quotations is with the breakdown of the support area and closing below the level of 640. Bitcoin Cash BCH/USD is traded at the level of 717.