Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 2485.00. Quotes of the currency 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 crypto currency are moving near the lower border of the bands of the Bollinger Bands indicator. A test of the level of 2700.20 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 2120.50.
Bitcoin Cash (BCH/USD) forecast and analysis on January 16, 2018
The conservative sales area is located near the upper border of the Bollinger Bands indicator strip at the level of 2750.00. The abolition of the continuation of 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 2980.50, 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.
