Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 964.77. 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. Currently, the cryptocurrency quotes are testing the lower boundary of the Bollinger Bands indicator bars. A test of level 1000.00 is expected, from which one should expect an attempt to continue the fall and further development of the downward trend with the target near the level of 880.00.
Bitcoin Cash (BCH/USD) forecast and analysis on June 12, 2018
The conservative sales area for Bitcoin Cash is located at the middle of the Bollinger Bands indicator bars at 1080.00. The abolition of the variant of the continuation of the Bitcoin Cash fall will be the breakdown of the mid-range area of the Bollinger Bands indicator strips, as well as the moving average with a period of 55 and the closing of the pair quotations above the area of 1120.00, 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.