Bitcoin Cash BCH/USD is trading at 130.46. 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 downward trend in Bitcoin Cash. As part of the Bitcoin Cash Forecast and Analysis March 8, 2019. A test of the upper boundary of the Ichimoku Kinko Hyo Cloud near the level of 132.15 is expected. Where can we expect a rebound and the continuation of the fall of the cryptocurrency BCH/USD with the goal below 110.00.
Bitcoin Cash Forecast and Analysis March 8, 2019
An additional signal in favor of reducing cryptocurrency will be the test of the resistance area. Earlier, a weak signal was received for BUY the Bitcoin Cash cryptocurrencies. The signal was formed due to the intersection of the signal lines at the level of 125.00. The nearest resistance area is at 135.00. The area of support for BCH/USD is at 115.00.
Cancellation of the drop in BCH/USD quotes option will be a breakdown of the upper limit of the Ichimoku Kinko Hyo Cloud and a close above the level of 145.00. 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 decline in quotations BCH/USD stands with the breakdown of the support area and closure below 125.00.
Bitcoin Cash Forecast and Analysis March 8, 2019 implies an attempt to correct cryptocurrency and test the level of 132.15. Where can we expect to continue to decline Bitcoin Cash with a potential goal near the level of 110.00. Cancellation option fall will make a strong growth and the breakdown of the area 145.00. In this case, we should expect a continuation of the rise with a potential goal at the level of 160.00.