Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 1039.34. Quotes of the cryptocurrency are traded below the moving average with a period of 55, indicating a bearish trend for Bitcoin Cash. Currently, the cryptocurrency quotes are testing the lower boundary of the Bollinger Bands indicator bars. A test of level 1060.50 is expected, from which one should expect an attempt to continue falling and further development of a downward trend with a target near the level of 950.00.
Bitcoin Cash (BCH/USD) forecast and analysis on June 11, 2018
The conservative sales area for Bitcoin Cash is located at the middle of the Bollinger Bands indicator bars at 1120.50. The abolition of the continuation of the Bitcoin Cash fall 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 above the area of 1150.20, 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.