Bitcoin Cash BCH/USD is trading at 1481. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Bitcoin Cash. Ichimoku Kinko Hyo signal line area test is near the level of 1400, from which it is expected to attempt a rebound and continue growth with a target above the level of 1750. An additional signal in favor of the growth of the cryptocurrency will be a test of the support level, as well as a test of the lower boundary of the channel.
Bitcoin Cash forecast & analysis on February 19, 2018
Earlier, a strong signal was received for buy of Bitcoin Cash cryptocurrency, due to crossing of signal lines at level 1270. The cancellation of the growth of the BCH/USD quotations will be the breakdown of the lower boundary of the Indicator Cloud and the closing below the level of 1250, which will indicate a change in the bullish trend in favor of a bearish trend. Expect an acceleration in the growth of quotations BCH/USD stands with a breakdown of the level of 1600.
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