Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 1339.25. 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 the level of 1240.50 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 1620.80.
Bitcoin Cash (BCH/USD) forecast and analysis on February 16, 2018
The conservative buying area for Bitcoin Cash is located near the lower border of the Bollinger Bands indicator bars at 1190.80. The abolition of the continuation of Bitcoin Cash growth will be the breakdown 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 quotes below the 1020.50 area, which will indicate a trend reversal in favor of the bearish 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.
