Bitcoin Cash is trading at 300.68. Quotes continue to move in the correction and the formation of an inverted model of «Head and Shoulders». 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 forecast of the cryptocurrency rate of Bitcoin Cash on April 25, 2019. A test of the lower boundary 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 a target above 330.00.
Bitcoin Cash Forecast and Analysis April 25, 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 BUY the Bitcoin Cash. The signal was formed due to the intersection of the signal lines at the level of 290.00. The nearest resistance area is at 315.00. The area of support for BCH/USD is located at 290.00.
Cancellation of the growth option of BCH/USD quotes will be the breakdown of the lower border of the Ichimoku Kinko Hyo Cloud and the closure below 280.00. 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 the acceleration of growth of quotes BCH/USD stands with the breakdown of the resistance area and closing above the level of 320.00.
Bitcoin Cash Forecast and Analysis April 25, 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 330.00. Cancellation of the lifting option will be the fall and the breakdown of the area 325.00. In this case, we should expect a continuation of the decline with a potential target at the level of 225.00.