Bitcoin Cash BCH/USD is trading at 851. The cryptocurrency is traded above the upper limit of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Bitcoin Cash. Ichimoku Kinko Hyo signal line area test is near the level of 830, from which it is expected to attempt a rebound and continue the growth of the cryptocurrency BCH/USD with a target above the level of 930.
Bitcoin Cash forecast & analysis BCH/USD July 19, 2018
An additional signal in favor of the growth of the crypto currency will be a test of the support level, as well as a test of the lower border of the channel. Earlier, a weak signal was received for buy of Bitcoin Cash cryptocurrency, due to crossing of signal lines at 685 level.
The cancellation of the variant of the BCH/USD quotes growth will be the breakdown of the lower Ichimoku Kinko Hyo indicator Cloud and the closing below the level of 715, which will indicate a change in the bullish trend in favor of the bearish trend and the continued fall of the cryptocurrency. Expect to accelerate the growth of quotations BCH/USD stands with the breakdown of the upper boundary of the channel and the closure above the level of 905.
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