Bitcoin Cash BCH/USD is trading at 161.90. Quotes continue to move in the framework of strong growth. 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 forecast of the cryptocurrency rate of Bitcoin Cash on March 25, 2019. A test of the upper boundary of the Ichimoku Kinko Hyo Cloud is expected near the 155.00 level. Where can we expect a rebound and continued growth of cryptocurrency BCH/USD with the target above the level of 185.00.
Bitcoin Cash Forecast and Analysis March 25, 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 strong 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 157.00. The nearest resistance area is at 170.00. The area of support for BCH/USD is located at 155.00.
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 143.00. 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 acceleration of growth of quotes BCH/USD stands with the breakdown of the resistance area and closing above the level of 170.00.
Bitcoin Cash Forecast and Analysis March 25, 2019 involves an attempt to correct cryptocurrency and a test of the level of 155.00. Where can we expect to continue the growth rate of Bitcoin Cash with a potential target near the level of 185.00. Cancellation of the lifting option will be the fall and the breakdown of the area of 143.00. In this case, we should expect a continuation of the decline with a potential goal at 130.00.