Bitcoin Cash is trading at 278.78. 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 cryptocurrency exchange rate forecast, the Bitcoin Cash for the week of April 15 — 19, 2019. A test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 245.00. Where can we expect a rebound and continued growth of cryptocurrency BCH/USD with the goal above the level of 375.00.
Bitcoin Cash Forecast for the week of April 15 — 19, 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 to BUY the Bitcoin Cash. The signal was formed due to the intersection of signal lines at the level of 147.00. The nearest resistance area is at 345.00. The area of support for BCH/USD is located at 245.00.
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 the level of 145.00. 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 the level of 345.00.
Bitcoin Cash Forecast for the week of April 15 — 19, 2019 implies an attempt to correct cryptocurrency and a test level of 245.00. Where can we expect to continue the growth rate of Bitcoin Cash with a potential target near the level of 375.00. The abolition of the lifting option will be the fall and a breakdown of the area of 145.00. In this case, we should expect a continuation of the decline with a potential target at the level of 105.00.