Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 710.15. Quotes of the cryptocurrency are traded below the level of the moving average with a period of 55, indicating a bearish trend for Bitcoin Cash. At the moment, the quotes of the cryptocurrency are moving near the lower border of the bands of the Bollinger Bands indicator. A test of the level 740.00 is expected, from which one should expect an attempt to continue falling and further development of the downward trend with the target near the level of 640.00.
Bitcoin Cash (BCH/USD) forecast and analysis on August 4, 2018
The conservative area for Bitcoin Cash sales is located at the upper border of the Bollinger Bands indicator bars at 815.00. The abolition of the option for continuing the fall of Bitcoin Cash will be the breakdown of the upper boundary of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the pair quotes above the area of 840.00, indicating a change in the bullish trend for BCH/USD. In the event of a breakdown of the lower boundary of the bands of the Bollinger Bands indicator, it is expected to accelerate the fall.
