Bitcoin Cash BCH/USD is trading at 543. The currency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an upward trend in Bitcoin Cash. As part of the forecast of the Bitcoin Cash Crypto currency exchange rate for September 29, 2018, Ichimoku Kinko Hyo signal line area is expected near the 500 level, from which it is expected to attempt a rebound and continue the growth of the BCH/USD cryptocurrency with a target above 620.
Bitcoin Cash forecast & analysis BCH/USD September 29, 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 the BCH/USD quotations will be the fall and breakdown of the lower Ichimoku Kinko Hyo Cloud and the closing below the level 460, which will indicate a change in the upward trend in favor of the downward trend and the continued 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 600.
Bitcoin Cash forecast & analysis BCH/USD September 29, 2018 suggests an attempt at correction of the cryptocurrency and the 500 level test, from which it is expected to continue the growth of the Bitcoin Cash rate with a potential target near the level of 620, the cancellation of the growth variant will come down and the breakdown of the 460 area, in this case continuation of the decline.
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