Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 1317.31. 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 Bollinger Bands indicator bars. A test of level 1430.50 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 1080.50.
Bitcoin Cash (BCH/USD) forecast and analysis on February 23, 2018
The conservative area for Bitcoin Cash sales is located near the middle border of the Bollinger Bands indicator bars at 1520.50. The abolition of the continuation of the Bitcoin Cash fall will be the breakdown of the mid-range area of the Bollinger Bands indicator strips, as well as the moving average with a period of 55 and the closing of the pair quotes above the 1650.20 area, 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.