Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 693.50. 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 720.00 is expected, from which it is expected to try to continue the fall and further development of the downward trend with the target near the level of 620.50
Bitcoin Cash (BCH/USD) forecast and analysis on July 12, 2018
The conservative area for Bitcoin Cash sales is located at the upper border of the Bollinger Bands indicator strip at 790.00. The abolition of the option to continue the Bitcoin Cash fall will be the breakdown of the upper range of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the pair quotations above the area of 820.50, 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.