Bitcoin Cash (BCH/USD) forecast and analysis on September 29, 2018

Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 563.04. 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 upper border of the Bollinger Bands indicator bars. A level test 550.00 is expected, from which one should expect an attempt to continue growth and further development of the upward trend with the target near the level of 630.00.

Bitcoin Cash (BCH/USD) forecast and analysis on September 29, 2018

Bitcoin Cash (BCH/USD) forecast and analysis on September 29, 2018

The conservative buying area is located near the middle border of the Bollinger Bands indicator strip at 490.00. The abolition of the option of continuing Bitcoin Cash growth will be the breakdown of the mid-range area of ​​the Bollinger Bands indicator strips, as well as the moving average with a period of 55 and the closing of the pair quotations 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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