Bitcoin Cash is trading at 306.42. Quotes continue to move within the correction and the downward channel. BCH/USD quotes move above the upper boundary of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a bullish trend in Bitcoin Cash. As part of the prediction of the cryptocurrency rate, Bitcoin Cash on April 19, 2019. A test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 290.00. Where can we expect a rebound and continued growth of cryptocurrency BCH/USD with the goal above the level of 380.00.
Bitcoin Cash Forecast and Analysis April 19, 2019
An additional signal in favor of the growth of cryptocurrency will be the test of the support level. Earlier, a medium strength signal was received for BUY the Bitcoin Cash cryptocurrency. The signal was formed due to the intersection of signal lines at the level of 275.00. The nearest resistance area is at 345.00. The area of support for BCH/USD is located at 280.00.
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 260.00. 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 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 345.00.
Bitcoin Cash Forecast and Analysis April 19, 2019 involves an attempt to correct cryptocurrency and test the level of 290.00. Where can we expect to continue the growth rate of Bitcoin Cash with a potential target near the level of 380.00. The abolition of the lifting option will be the fall and the breakdown of the area 260.00. In this case, we should expect a continuation of the decline with a potential target at the level of 215.00.