Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 508.86. Quotes of the cryptocurrency are traded below the level of the moving average with a period of 55, indicating a bearish trend for Bitcoin Cash. At the moment, the quotes of the cryptocurrency are moving near the lower border of the bands of the Bollinger Bands indicator. A test of level 530.00 is expected, from which one should expect an attempt to continue falling and further development of a downward trend with a target near the level of 440.00.
Bitcoin Cash (BCH/USD) forecast and analysis on September 7,2018
The conservative sales area for Bitcoin Cash is located near the middle border of the Bollinger Bands strip at 615.20. The abolition of the option to continue the Bitcoin Cash fall will be a breakdown of the mid-range area of the Bollinger Bands indicator strip, as well as a moving average with a period of 55 and the closing of the pair quotes above the area of 620.00, indicating a change in the bullish trend for BCH/USD. In the event of a breakdown of the lower boundary of the bands of the Bollinger Bands indicator, it is expected to accelerate the fall.