Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 519.40. 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 505.00 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 560.50.
Bitcoin Cash (BCH/USD) forecast and analysis on October 9, 2018
The conservative buying area is located near the middle border of the Bollinger Bands indicator strip at 500.00. 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 480.00, which will indicate a change in trend in favor of a bearish BCH/USD. In case of a breakdown of the upper border of the Bollinger Bands indicator bands, one should expect an acceleration of growth.