Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 734.47. 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 level 760.00 is expected, from which one should expect an attempt to continue the fall and further development of a downward trend with a target near the level of 660.00.
Bitcoin Cash (BCH/USD) forecast and analysis on July 7, 2018
The conservative area for Bitcoin Cash sales is located at the upper border of the Bollinger Bands indicator strip at 810.20. The abolition of the option to continue the Bitcoin Cash fall will be the breakdown of the upper boundary area of the Bollinger Bands indicator strips, as well as the moving average with a period of 55 and the closing of the pair quotes above the area of 850.20, 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.