Bitcoin Cash is trading at 317.00. Quotes continue to move within the framework of the correction and the formation of the «Triangle» model. 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 8, 2019. A test of the upper boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 295.50. Where can we expect a rebound and continued growth of cryptocurrency BCH/USD with the goal above the level of 405.00.
Bitcoin Cash Forecast and Analysis April 8, 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 «Triangle» model. 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 167.00. The nearest resistance area is at 355.00. The area of support for BCH/USD is located at 275.00.
Cancellation of the growth option of BCH/USD quotes will be the breakdown of the lower border of the Ichimoku Kinko Hyo Cloud and close below 245.00. 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 limit of the model «Triangle» and closing above the level of 345.00.
Bitcoin Cash Forecast and Analysis April 8, 2019 involves an attempt to correct cryptocurrency and a test of the level of 295.50. Where can we expect to continue the growth rate of Bitcoin Cash with a potential target near the level of 405.00. Cancellation of the lifting option will be the fall and the breakdown of the area of 245.00. In this case, we should expect a continuation of the decline with a potential target at the level of 195.00.