Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 952.36. 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 the level of 990.50 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 13, 2018
The conservative sales area for Bitcoin Cash is located near the middle border of the Bollinger Bands strip at 1020.00. The abolition of the option to continue 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 1100.00 area, 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.