Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 1121.99. 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 1280.50 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 6, 2018
The conservative area for Bitcoin Cash sales is located near the upper boundary of the Bollinger Bands indicator bars at 1320.50. The abolition of the continuation of 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 quotations above the area of 1450.20, 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.
