Bitcoin Cash BCH/USD is trading at 166.58. Quotes continue to move in growth. BCH/USD quotes move above the upper boundary of the Ichimoku Kinko Hyo Cloud. This indicates the presence of an upward trend in Bitcoin Cash. As part of the prediction of the cryptocurrency rate, Bitcoin Cash on April 1, 2019. A test of the upper boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 161.55. Where can we expect a rebound and continued growth of cryptocurrency BCH/USD with the goal above the level of 185.00.
Bitcoin Cash Forecast and Analysis April 1, 2019
An additional signal in favor of the growth of cryptocurrency will be the test of the support level. The second signal will be a rebound from the lower boundary of the rising channel. Earlier, a strong signal was received for BUY the Bitcoin Cash cryptocurrency. The signal was formed due to the intersection of signal lines at the level of 160.00. The nearest resistance area is located at 175.50. The area of support for BCH/USD is located at 160.65.
Cancellation of the growth option of BCH/USD quotes will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and close below 154.65. This will indicate a change in the upward trend in favor of the downward trend and the continuation of the fall of the cryptocurrency. Expect acceleration of growth of quotations BCH/USD stands with the breakdown of the resistance area and closing above the level of 175.55.
Bitcoin Cash Forecast and Analysis April 1, 2019 involves an attempt to correct cryptocurrency and a test level of 161.55. Where can we expect to continue the growth rate of Bitcoin Cash with a potential target near the level of 185.00. Cancellation option lift will fall and the breakdown of the area 154.65. In this case, we should expect a continuation of the decline with a potential target of 135.00.