Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 1160.00. 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 the level of 1250.50 is expected, from which one should expect an attempt to continue falling and further development of a downward trend with a target near the level of 930.50.
Bitcoin Cash (BCH/USD) forecast and analysis on February 24, 2018
The conservative area for Bitcoin Cash sales is located near the middle border of the Bollinger Bands indicator bars at 1380.50. 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 area of 1500.20, indicating a change in the trend in favor of the bullish 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.