Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 1214.00. Quotes of the cryptocurrency are traded above the moving average with a period of 55, indicating a possible change in the trend in favor of ascending Bitcoin Cash. Confirmation of the development of the bullish trend will break through the resistance level and the closing of quotations above 1500.00. At the moment, the quotes of the cryptocurrency are moving near the upper border of the Bollinger Bands indicator bars. A test of the level of 1380.50 is expected, from which it is expected to try to continue the fall and further develop the decline with the aim near the level of 780.50.
Bitcoin Cash (BCH/USD) forecast and analysis on February 10, 2018
The conservative area for Bitcoin Cash sales is located near the upper boundary of the Bollinger Bands indicator bars at 1380.20. The abolition of the option to continue falling Bitcoin Cash will be the breakdown of the upper range of the Bollinger Bands indicator bands and the closing of the pair quotes above the area of 1500.00, which will indicate a change in the trend in favor of the bullish 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. A breakdown of the level of 1150.00 will be a confirmation of the resumption of the downward trend.
