Bitcoin Cash (BCH/USD) forecast and analysis on July 9, 2018

Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 767.80. 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 750.00 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 840.20.

Bitcoin Cash (BCH/USD) forecast and analysis on July 9, 2018

Bitcoin Cash (BCH/USD) forecast and analysis on July 9, 2018

The conservative buying area for Bitcoin Cash is near the lower border of the Bollinger Bands indicator strip at 700.00. The abolition of the option to continue Bitcoin Cash growth will be the breakdown of the lower border of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the pair quotes below the area of ​​670.00, 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.

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