Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 1208.01. Quotes of the cryptocurrency are traded below 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 middle border of the indicator Bollinger Bands. A test of level 1290.20 is expected, from which one should expect an attempt to continue the fall and further development of a downward trend with a target near the level of 880.50.
Bitcoin Cash (BCH/USD) forecast and analysis on February 12, 2018
The conservative area for Bitcoin Cash sales is located near the upper boundary of the Bollinger Bands indicator bars at 1420.50. The abolition of the option of continuing the Bitcoin Cash fall will be the breakdown of the upper range of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the pair quotations above the area of 1480.50, 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.
