Bitcoin Cash BCH/USD is trading at 160.04. 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 21, 2019. The test of the area of the Ichimoku Kinko Hyo signal lines is expected near the level of 155.00. Where can we expect a rebound and continued growth of cryptocurrency BCH/USD with the goal above the level of 180.00.
Bitcoin Cash Forecast and Analysis March 21, 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 BUY the Bitcoin Cash cryptocurrency. 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 Ichimoku Kinko Hyo Cloud and the closure below 144.00. 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 21, 2019 involves an attempt to correct cryptocurrency and a test level of 155.00. Where can we expect to continue the growth rate of Bitcoin Cash with a potential goal near the level of 180.00. Cancellation of the lifting option will be the fall and the breakdown of the area 144.00. In this case, we should expect a continuation of the decline with a potential target of 125.00.