Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 1752.95. 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 bands of the Bollinger Bands indicator. A test of level 2000.10 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 1370.20.
Bitcoin Cash (BCH/USD) forecast and analysis on January 23, 2018
The conservative sales area is located near the upper border of the Bollinger Bands indicator strip at the level of 2000.00. The abolition of the option for continuing the fall of Bitcoin Cash will be a breakdown of the upper boundary area of the Bollinger Bands indicator strip, as well as a moving average with a period of 55 and the closing of the pair quotes above the area of 2350.20, 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.
