Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 2330.46. 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 2620.50 is expected, from which one should expect an attempt to continue falling and further development of a downward trend with a target near the level of 1910.50.
Bitcoin Cash (BCH/USD) forecast and analysis on January 17, 2018
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator bars at 2750.20. The abolition of the option for continuing the fall of Bitcoin Cash will be a breakdown of the upper boundary of the Bollinger Bands indicator bands, as well as a moving average with a period of 55 and the closing of the pair quotations above the area of 2980.60, 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.