Bitcoin Cash is trading at 273.38. Quotes continue to move in decline. BCH/USD quotes are moving inside Ichimoku Kinko Hyo clouds. This indicates the presence of a flat trend on Bitcoin Cash. As part of the forecast of the cryptocurrency rate of Bitcoin Cash on April 13, 2019. A test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 265.00. Where can we expect a rebound and continued growth of cryptocurrency BCH/USD with the goal above the level of 355.00.
Bitcoin Cash Forecast and Analysis April 13, 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 weak signal was received for SELL the Bitcoin Cash cryptocurrencies. The signal was formed due to the intersection of signal lines at the level of 301.00. The nearest resistance area is at 335.00. The area of support for BCH/USD is located at 255.00.
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 235.00. This will indicate a change in the lateral trend in favor of the downward trend and the continuation of the fall of the cryptocurrency. Expect to accelerate the growth of quotes BCH/USD stands with the breakdown of the upper boundary of the downward channel and closing above the level of 315.00.
Bitcoin Cash Forecast and Analysis April 13, 2019 involves an attempt to correct cryptocurrency and test the level of 265.00. Where can we expect to continue the growth rate of Bitcoin Cash with a potential target near the level of 355.00. Cancellation of the lifting option will be the fall and breakdown of the area of 235.00. In this case, we should expect a continuation of the decline with a potential target at the level of 195.00.