Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 416.34. Cryptocurrency quotes are trading below the moving average with a period of 55, which indicates the presence of a bearish trend for Bitcoin Cash. At the moment, cryptocurrency quotes are moving near the lower border of the Bollinger Bands indicator bands. A test of the level of 445.00 is expected, from which one can expect an attempt to continue to fall and further develop the downward trend with a target near the level of 350.00.
Bitcoin Cash (BCH/USD) forecast and analysis on November 16, 2018
The conservative sales area for Bitcoin Cash is located near the upper boundary of the Bollinger Bands strip at 560.00. Cancellation of the option to continue falling Bitcoin Cash will be a breakdown of the upper border area of the Bollinger Bands indicator, as well as the moving average with a period of 55 and closing of quotations of the pair above the 570.00 area, which will indicate a change in trend in favor of the bullish for BCH/USD In case of a breakdown of the lower border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall.