Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 879.67. 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 test the upper boundary of the bands of the indicator Bollinger Bands. A test of the level of 840.50 is expected, from which one should expect an attempt to continue growth and further development of an upward trend with a target near the level of 980.50.
Bitcoin Cash (BCH/USD) forecast and analysis on July 19, 2018
The conservative buying area is located near the middle border of the Bollinger Bands indicator strip at 770.20. The abolition of the option of continuing Bitcoin Cash growth will be the breakdown of the mid-range area of the Bollinger Bands indicator bars, as well as the moving average with a period of 55 and the closing of the pair quotes below the area of 680.50, 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.
