Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 879.24. 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 middle border of the Bollinger Bands indicator bars. 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 16, 2018
The conservative area for Bitcoin Cash sales is located at the upper border of the Bollinger Bands indicator bars at 960.20. The abolition of the option to continue the Bitcoin Cash fall will be a breakdown of the upper range of the Bollinger Bands indicator bands, as well as a moving average with a period of 55 and the closing of the pair quotes above the area of 1000.50, 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.