Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 721.99. 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 the level of 710.00 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 770.20.
Bitcoin Cash (BCH/USD) forecast and analysis on July 17, 2018
The conservative buying area for Bitcoin Cash is near the lower border of the Bollinger Bands indicator strip at 680.00. The abolition of the option of continuing Bitcoin Cash growth will be a breakdown of the lower border area of the Bollinger Bands indicator strip, as well as a moving average with a period of 55 and the closing of the pair quotes below the area of 660.50, 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.
