Bitcoin Cash BCH/USD is trading at 127.64. Quotes continue to move within the correction. BCH/USD quotes move below the lower boundary of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a bearish trend in Bitcoin Cash. As part of the Bitcoin Cash Forecast and Analysis March 15, 2019. A test of the upper border of the Ichimoku Kinko Hyo Cloud is expected near the level of 130.00. Where can we expect a rebound and the continuation of the fall of the cryptocurrency BCH/USD with the goal below 115.00.
Bitcoin Cash Forecast and Analysis March 15, 2019
An additional signal in favor of reducing cryptocurrency will be the support resistance test. The second signal will be a rebound from the upper boundary of the model «Triangle». Earlier, a weak signal was received for sales of Bitcoin Cash cryptocurrencies. The signal was formed due to the intersection of the signal lines at 131.00. The nearest resistance area is at 130.00. The support area for BCH/USD is located at 120.00.
Cancellation of the fall in BCH/USD quotes option will break the upper boundary of the Ichimoku Kinko Hyo Cloud and close above the level of 135.00. This will indicate a change in the downward trend in favor of the upward trend and the continued growth of cryptocurrency. Expect to accelerate the fall of BCH/USD quotes with the breakdown of the lower boundary of the «Triangle» model and closing below 120.00.
Bitcoin Cash Forecast and Analysis March 15, 2019 implies an attempt to correct cryptocurrency and a test level of 130.00. Where can we expect to continue the fall of Bitcoin Cash with a potential target near the level of 115.00. The cancellation of the fall option will be the growth and the breakdown of the area of 135.00. In this case, we should expect a continuation of the rise with a potential goal at the level of 145.00.