Bitcoin Cash BCH/USD is trading at 149.70. Quotes continue to move in growth. BCH/USD quotes move above the upper boundary of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a bullish trend in Bitcoin Cash. As part of the cryptocurrency exchange rate forecast, Bitcoin Cash Forecast and Analysis February 25, 2019. A test of the region of Ichimoku Kinko Hyo signal lines is expected near the level of 145.05. Where can we expect a rebound and continued growth of the cryptocurrency BCH/USD with the goal above the level of 165.00.
Bitcoin Cash Forecast and Analysis February 25, 2019
An additional signal in favor of raising cryptocurrency will be the test area of support. As well as a rebound from the lower boundary of the bullish channel. Earlier, a medium strength signal was received for BUY of Bitcoin Cash cryptocurrency. The signal was formed due to the intersection of the signal lines at 124.55. The nearest resistance area is at 155.00. The support area for BCH/USD is at 140.50.
Cancellation of the growth option of BCH/USD quotes will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and close below 133.55. This will indicate a change in the upward trend in favor of the downward trend and the continuation of the fall of the cryptocurrency. Expect to accelerate the growth of quotes BCH/USD stands with the breakdown of the resistance area and closing above the level of 155.00.
Bitcoin Cash Forecast and Analysis February 25, 2019 involves an attempt to correct cryptocurrency and a test level of 145.05. Where can we expect to continue the growth rate of Bitcoin Cash with a potential target near the level of 165.00. The abolition of the growth option will be the fall and the breakdown of the area of 133.55. In this case, we should expect a continuation of the decline with a potential target at the level of 115.50.
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