Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 1518.00. 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 upper boundary of the bands of the indicator Bollinger Bands. A test of level 1430.50 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 1780.20.
Bitcoin Cash (BCH/USD) forecast and analysis on February 17, 2018
The conservative buying area for Bitcoin Cash is located near the middle border of the Bollinger Bands indicator bars at 1350.20. The abolition of the option to continue Bitcoin Cash growth will be the breakdown of the mid-range area of the Bollinger Bands indicator bars, as well as the moving average with a period of 55 and the closing of the pair quotes below the 1180.50 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.
