Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 1915.85. 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 lower border of the Bollinger Bands indicator bars. A test of the level of 2180.20 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 1480.50.
Bitcoin Cash (BCH/USD) forecast and analysis on January 21, 2018
The conservative sales area is located near the upper boundary of the Bollinger Bands indie bands at 2050.20. The abolition of the option of continuing 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 quotations above the 2400.50 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.
