Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 1161.99. Quotes of the cryptocurrency are traded below the moving average with a period of 55, indicating a bearish trend for Bitcoin Cash. Currently, the cryptocurrency quotes are testing the lower boundary of the Bollinger Bands indicator bars. 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 780.50.
Bitcoin Cash (BCH/USD) forecast and analysis on February 3, 2018
The conservative sales area for Bitcoin Cash is located near the middle border of the Bollinger Bands indicator strip at 1450.20. 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.