Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 451.92. 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 testing the lower border of the Bollinger Bands indicator. The test is expected at 465.00, from which one can expect an attempt to continue to fall and further develop the downward trend with a target near the level of 395.00.
Bitcoin Cash (BCH/USD) forecast and analysis on October 12, 2018
The conservative sales area for Bitcoin Cash is located near the upper boundary of the Bollinger Bands strip at 540.00. Cancellation of the option to continue falling Bitcoin will be the breakdown of the upper border 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 area of 550.00, 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.