Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 1471.58. 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 lower border of the bands of the Bollinger Bands indicator. A test of level 1600.20 is expected, from which one should expect an attempt to continue falling and further development of the downward trend with the target near the level of 1070.50.
Bitcoin Cash (BCH/USD) forecast and analysis on February 2, 2018
The conservative sales area is located near the upper border of the Bollinger Bands indicator strip at 1790.20. The abolition of the option to continue 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 quotes above the area of 1900.50, 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.