Bitcoin Cash exchange rate forecast for August 2018 is written at 760 quotes. May quotes Bitcoin Cash fell, landed cost BCHUSD to the current at 1800. the rate fell by almost three times.
Now BCH / USD has groped the support level (650) and gradually begins to win back the lost. The cryptocurrency is located at the bottom of the Ichimoku cloud. We assume that the fall is over, and the nearest target will be the growth of Bitcoin Cash to the level of 930. This is the upper boundary of the Ichimoku cloud. Moreover, we do not exclude further growth to the level of 1100.
The signal lines of the Ichimoku indicator also support our forecast. The red signal line crossed the blue line from the bottom up in the middle of last month. When the red line is higher, this is a forecast for Bitcoin Cash growth.
The support level will be 650.
The Bitcoin Cash strategy for August we see cryptocurrency purchases, with a stop loss below the support level.
Thus, the BCH / USD bitcoin Cash forecast for August suggests the growth of the cryptocurrency rate, with the target above 930.