Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 755.62. 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 the level of 800.00 is expected, from which one should expect an attempt to continue falling and further development of a downward trend with a target close to the level of 650.00.
Bitcoin Cash (BCH/USD) forecast and analysis on June 24, 2018
The conservative area for Bitcoin Cash sales is located near the middle border of the Bollinger Bands indicator bars at 850.00. The abolition of the continuation of the Bitcoin Cash fall will be the breakdown of the mid-range area of the Bollinger Bands indicator strip, as well as the moving average with a period of 55 and the closing of the pair quotes above the area of 900.50, 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.