Bitcoin Cash BCH/USD is trading at 127.48. 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 an upward trend in Bitcoin Cash. As part of the Bitcoin Cash Forecast and Analysis March 14, 2019. A test of the lower boundary of the Ichimoku Kinko Hyo Cloud near the level of 125.75 is expected. Where can we expect a rebound and continued growth of cryptocurrency BCH/USD with the goal above the level of 150.00.
Bitcoin Cash Forecast and Analysis March 14, 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 rising channel. Earlier, a weak signal was received for SELL the Bitcoin Cash. The signal was formed due to the intersection of the signal lines at 131.00. The nearest resistance area is at 135.00. The support area for BCH/USD is located at 120.00.
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 120.00. 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 quotations BCH/USD stands with the breakdown of the upper limit of the model «Triangle» and closing above the level of 134.50.
Bitcoin Cash Forecast and Analysis March 14, 2019 involves an attempt to correct cryptocurrency and test the level of 125.75. Where can we expect to continue the growth rate of Bitcoin Cash with a potential target near the level of 150.00. Cancellation option lift will make the fall and the breakdown of the area of 120.00. In this case, we should expect a continuation of the decline with a potential target at 110.00.