Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 1282.19. 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 middle border of the indicator Bollinger Bands. A test of the level of 1380.50 is expected, from which one should expect an attempt to continue the fall and further development of a downward trend with a target near the level of 1000.50.
Bitcoin Cash (BCH/USD) forecast and analysis on February 25, 2018
The conservative sales area for Bitcoin Cash is near the upper boundary of the Bollinger Bands indicator bars at 1400.20. The abolition of the option of continuing the Bitcoin Cash fall will be a breakdown of the upper range of the Bollinger Bands indicator bands, as well as a moving average with a period of 55 and the closing of the pair quotes above the area of 1500.20, which indicates 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.