Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 448.98. 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 upper 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 goal near the level of 410.00.
Bitcoin Cash (BCH/USD) forecast and analysis on October 17, 2018
The conservative sales area for Bitcoin Cash is located near the upper boundary of the Bollinger Bands strip at 465.20. 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 520.00 area, which will indicate a change in trend in favor of the bullish 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.
