Bitcoin Cash is trading at 285.38. Quotes continue to move within the framework of the correction and the formation of the «Triangle» model. BCH/USD quotes move below the lower boundary of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a downward trend on Bitcoin Cash. As part of the forecast of the cryptocurrency rate of Bitcoin Cash on April 22, 2019. A test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the 300.00 level. Where can we expect a rebound and the continuation of the fall of the cryptocurrency BCH/USD with the goal below the level of 215.00.
Bitcoin Cash Forecast and Analysis April 22, 2019
An additional signal in favor of the fall of cryptocurrency will be the test of resistance level. The second signal will be a rebound from the upper limit of the model «Triangle». Earlier, a weak signal was received for SELL the Bitcoin Cash. The signal was formed due to the intersection of signal lines at the level of 305.00. The nearest resistance area is at 305.00. The area of support for BCH/USD is located at 275.00.
Cancellation of the drop in BCH/USD quotes option will break the upper limit of the Ichimoku Kinko Hyo Cloud and close above 325.00. This will indicate a change in the downward trend in favor of the upward trend and the continued growth of cryptocurrency. Expect confirmation of a fall in BCH/USD quotes with the breakdown of the lower boundary of the «Triangle» model and closing below 255.00.
Bitcoin Cash Forecast and Analysis April 22, 2019 involves an attempt to correct cryptocurrency and test the level of 300.00. Where can we expect to continue the fall of Bitcoin Cash with a potential target near the level of 215.00. The cancellation of the reduction option will be a strong growth and the breakdown of the area of 325.00. In this case, we should expect a continuation of the rise with a potential goal at the level of 225.00.