Bitcoin Cash BCH/USD is trading at 582. Cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating that there is an upward trend in Bitcoin Cash. As part of the Bitcoin Cash forecast & technical analysis November 5, 2018, a test of the Ichimoku Kinko Hyo signal lines is expected to be near the level of 545. Where should we expect an attempt to rebound and the continued growth of the BCH/USD cryptocurrency with a target above 675.
Bitcoin Cash forecast & technical analysis November 5, 2018
An additional signal in favor of the growth of cryptocurrency will be a test of the support area, as well as a rebound from the lower boundary of the ascending channel. Earlier, a weak signal was received for buy the Bitcoin Cash cryptocurrencies, due to the intersection of signal lines at the 425 level.
Cancellation of the BCH/USD quotes growth option will be a breakdown of the lower Ichimoku Kinko Hyo Cloud and close below 435, indicating a change in the upward trend in favor of the downward trend and the continuation of the fall of cryptocurrency. Expect to accelerate the growth of quotes BCH/USD stands with the breakdown of the resistance area and closing above the level of 620.
Bitcoin Cash forecast & technical analysis November 5, 2018 involves an attempt to correct cryptocurrency and test level 545, from which we can expect Bitcoin Cash to continue to grow with a potential target near 675. Canceling the growth option will be a fall and a breakdown of 435, In this case, we should expect a further decline.