Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 555.74. Cryptocurrency quotes are trading above the moving average with a period of 55, which indicates the presence of a bullish trend for Bitcoin Cash. At the moment, cryptocurrency quotes are moving near the upper border of the Bollinger Bands indicator. A test of the level of 525.00 is expected, from which one can expect an attempt to continue the growth and further development of the upward trend with a target near the level of 610.00.
Bitcoin Cash (BCH/USD) forecast and analysis on November 7, 2018
The conservative buying area is located near the lower border of the Bollinger Bands indicator bars at 440.00. Cancellation of the option to continue to grow Bitcoin Cash will be a breakdown of the lower border of the Bollinger Bands indicator, as well as the moving average with a period of 55 and closing of quotations of the pair below 430.00, which will indicate a change in trend in favor of a bearish for BCH/USD. In case of a breakdown of the upper border of the Bollinger Bands indicator bands, one should expect an acceleration of growth.
