Bitcoin Cash BCH/USD is traded at the level of 768. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend in Bitcoin Cash. The test area of Ichimoku Kinko Hyo signal lines near the 750 level is expected, from which it is expected to attempt a rebound and continue growth with a target above the level of 860.
Bitcoin Cash forecast & analysis BCH/USD April 16, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the lower border of the channel, as well as a test of the support level. Earlier, a weak signal was received for buy of Bitcoin Cash cryptocurrency, due to the crossing of signal lines at 630 level.
The cancellation of the growth of the BCH/USD quotations will be the breakdown of the lower boundary of the indicator Cloud and the closing below the level of 650, which will indicate a change in the bullish trend in favor of a bearish trend. Expect the acceleration of the growth of quotations BCH/USD stands with the breakdown of the resistance area and the closing above the level of 785.
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