Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 1623.10. 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 level test of 1800.10 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 1370.50.
Bitcoin Cash (BCH/USD) forecast and analysis on January 24, 2018
The conservative sales area is located near the upper border of the Bollinger Bands indie bands at 2050.60. The abolition of the option of continuing the fall of Bitcoin Cash 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 2350.40, 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.