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.
