Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 1236.28. 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 test the average border of the bands of the Bollinger Bands indicator. A test of the level of 1190.40 is expected, from which one should expect an attempt to continue growth and further development of the upward trend with a target near the level of 1560.50.
Bitcoin Cash (BCH/USD) forecast and analysis on February 14, 2018
The conservative buying area for Bitcoin Cash is located near the lower border of the Bollinger Bands indicator bars at 1180.50. The abolition of the option of continuing Bitcoin Cash growth will be the pro-boom of the lower border of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the pair quotations below the area of 970.50, 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.