Bitcoin Cash BCH/USD is trading at 151.97. 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 17, 2019. A test of the area of Ichimoku Kinko Hyo signal lines is expected near the level of 150.00. Where can we expect a rebound and continued growth of cryptocurrency BCH/USD with the goal above the level of 175.00.
Bitcoin Cash Forecast and Analysis March 17, 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 medium strength signal was received for Bitcoin Cash cryptocurrency purchases. The signal was formed due to the intersection of the signal lines at 126.00. The nearest resistance area is at 160.00. The support area for BCH/USD is located at 145.00.
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 135.00. 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 resistance area and closing above 165.00.
Bitcoin Cash Forecast and Analysis March 17, 2019 involves an attempt to correct cryptocurrency and a test level of 150.00. Where can we expect to continue the growth rate of Bitcoin Cash with a potential target near the level of 175.00. Cancellation option lift will make the fall and the breakdown of the area 135.00. In this case, we should expect a continuation of the decline with a potential target at the level of 145.00.