Bitcoin Cash BCH/USD is trading at 532. The cryptocurrency is trading above the upper Ichimoku Kinko Hyo Cloud, which indicates an upward trend in Bitcoin Cash. As part of the Bitcoin Cash forecast & analysis BCH/USD October 1, 2018, the Ichimoku Kinko Hyo Cloud upper limit test near the 515 level is expected, from which it is expected to attempt a rebound and continue the growth of the BCH/USD cryptocurrency with a target above the 620 level.
Bitcoin Cash forecast & analysis BCH/USD October 1, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level, as well as a rebound from the lower boundary of the rising channel. Earlier, a strong signal was received for buy of Bitcoin Cash cryptocurrency, due to the crossing of signal lines at level 475.
The cancellation of the growth of BCH/USD quotations will be the fall and breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closing below 480, which will indicate a change in the bullish trend in favor of the downward trend and the continuation of the fall of the cryptocurrency. To expect confirmation of the growth of quotations BCH/USD stands with the breakdown of the resistance area and the closing above the level of 580.
Bitcoin Cash forecast & analysis BCH/USD October 1, 2018 presupposes an attempt at correction of the cryptocurrency and a test of the level of 515, from which it is expected to continue the growth of the Bitcoin Cash exchange rate with a potential target near the level of 620, the cancellation of the growth variant will come down and the breakdown of the 480 area, in In this case, we should expect the decline to continue.
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