Bitcoin Cash (BCH/USD) forecast and analysis on October 1, 2018

Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 534.30. Quotes of the cryptocurrency are traded above the moving average with a period of 55, which indicates the existence of a bullish 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 level 510.50 is expected, from which one should expect an attempt to continue growth and further development of an upward trend with a target near the level of 590.00.

Bitcoin Cash (BCH/USD) forecast and analysis on October 1, 2018

Bitcoin Cash (BCH/USD) forecast and analysis on October 1, 2018

The conservative buying area is located near the middle border of the Bollinger Bands indicator strip at 510.00. The abolition of the option of continuing Bitcoin Cash growth will be the breakdown of the lower border of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the pair quotes below the 450.00 area, indicating a change in the bearish trend for BCH/USD. In the event of breakdown of the upper boundary of the bands of the indicator Bollinger Bands, one should expect an acceleration of growth.

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