Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 591.08. Quotes of the cryptocurrency are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for Bitcoin Cash. At the moment, the quotes of the cryptocurrency are moving near the upper border of the Bollinger Bands indicator bars. A test of level 560.00 is expected, from which one should expect an attempt to continue growth and further development of the upward trend with the target near the level of 700.00.
Bitcoin Cash (BCH/USD) forecast and analysis on August 19, 2018
The conservative buying area is near the lower border of the Bollinger Bands indicator strip at 480.00. The abolition of the option of continuing Bitcoin Cash growth will be the breakdown of the lower border of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the pair quotes below the 450.00 area, indicating a change in the bearish trend for BCH/USD. In the event of breakdown of the upper boundary of the bands of the indicator Bollinger Bands, one should expect an acceleration of growth.
