Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 876.35. 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 910.50 is expected, from which one should expect an attempt to continue the fall and further development of the downward trend with a target near the level of 800.00.
Bitcoin Cash (BCH/USD) forecast and analysis on June 14, 2018
The conservative sales area for Bitcoin Cash is located near the middle border of the Bollinger Bands strip at 950.00. 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 bars, as well as the moving average with a period of 55 and the closing of the pair quotes above the area of 1050.00, 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.