Bitcoin Cash BCH/USD is trading at 129.76. Quotes continue to move within the correction. 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 Bitcoin Cash Forecast and Analysis March 12, 2019. A test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 126.55. Where can we expect a rebound and continued growth of cryptocurrency BCH/USD with the target above the level of 150.00.
Bitcoin Cash Forecast and Analysis March 12, 2019
An additional signal in favor of raising cryptocurrency will be the test area of support. The second signal will be a rebound from the lower boundary of the model «Triangle». 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 125.00. The nearest resistance area is at 135.00. The support area for BCH/USD is located at 125.00.
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 the level of 123.00. 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 acceleration of growth in quotes BCH/USD stands with the breakdown of the resistance area and closing above 136.50.
Bitcoin Cash Forecast and Analysis March 12, 2019 involves an attempt to correct cryptocurrency and a test level of 126.55. Where can we expect to continue the growth rate of Bitcoin Cash with a potential target near the level of 150.00. Cancellation of the lifting option will be the fall and breakdown of the area of 123.00. In this case, we should expect a continuation of the decline with a potential goal at 110.00.