Bitcoin Cash BCH/USD is trading at the level of 1006. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin Cash. Ichimoku Kinko Hyo Cloud is expected to test near the 980 level, from which it is expected to attempt a rebound and continue growth with a target above the level of 1150.
Bitcoin Cash forecast & analysis on March 24, 2018
An additional signal in favor of the growth of the cryptocurrency will be 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 945 level.
The cancellation of the growth of BCH/USD quotations will be the breakdown of the lower boundary of the Indicator Cloud and the closing below the level of 900, which will indicate a change in the bullish trend in favor of a bearish trend. To expect confirmation of the growth of quotations BCH/USD stands with the breakdown of the upper boundary of the bearish channel and the closing above the level of 1050.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
