Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 1130.97. 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. A test of level 1080.20 is expected, from which one should expect an attempt to continue growth and further development of an upward trend with a target near the level of 1280.50.
Bitcoin Cash (BCH/USD) forecast and analysis on April 22, 2018
The conservative buying area for Bitcoin Cash is near the middle border of the Bollinger Bands indicator strip at 950.40. The abolition of the option of continuing Bitcoin Cash growth will be a breakdown of the mid-range area of the Bollinger Bands indicator bars, as well as a moving average with a period of 55 and the closing of the pair quotes below the area of 780.20, 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.