Bitcoin Cash BCH/USD is trading at 158.09. 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 20, 2019. A test of the upper boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 146.00. 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 20, 2019
An additional signal in favor of the growth of cryptocurrency will be the test of the lower limit of the support area. The second signal will be a rebound from the lower boundary of the rising channel. Earlier, a medium strength signal was received for BUY the Bitcoin Cash cryptocurrency. The signal was formed due to the intersection of the signal lines at the level of 128.00. The nearest resistance area is at 165.00. The area of support for BCH/USD is located at 149.00.
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 136.00. 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 20, 2019 involves an attempt to correct cryptocurrency and test the level of 146.00. Where can we expect to continue the growth rate of Bitcoin Cash with a potential target near the level of 175.00. Cancellation of the lifting option will be the fall and the breakdown of the area 136.00. In this case, we should expect a continuation of the decline with a potential target at the level of 128.00.