Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 797.73. Quotes of the cryptocurrency are traded below the level of 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 980.50 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 500.20.
Bitcoin Cash (BCH/USD) forecast and analysis on February 7, 2018
The conservative area for Bitcoin Cash sales is located near the middle border of the Bollinger Bands indicator bars at 1100.50. The abolition of the variant of the continuation of the Bitcoin Cash fall will be a breakdown of the mid-range area of the Bollinger Bands indicator strips, as well as a moving average with a period of 55 and the closing of the pair quotations above the 1300.50 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.