Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 1540.88. 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 cryptocurrency quotes test the upper boundary of the Bollinger Bands indicator bands. A test of level 1450.20 is expected, from which one should expect an attempt to continue growth and further development of the upward trend with the aim near the level of 1760.20.
Bitcoin Cash (BCH/USD) forecast and analysis on April 25, 2018
The conservative buying area for Bitcoin Cash is near the middle border of the Bollinger Bands indicator strip at 1240.20. The abolition of the option of continuing Bitcoin Cash growth will be the pro-area of the middle border of the Bollinger Bands indicator strip, as well as the moving average with a period of 55 and the closing of the pair quotes below the 1100.50 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.
