Bitcoin Cash (BCH/USD) forecast and analysis on March 16, 2018

Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 883.48. Quotes of the cryptocurrency are traded below the level of 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 level 950.20 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 700.20.

Bitcoin Cash (BCH/USD) forecast and analysis on March 16, 2018

Bitcoin Cash (BCH/USD) forecast and analysis on March 16, 2018

The conservative area for Bitcoin Cash sales is located at the upper border of the Bollinger Bands indicator bars at 1150.20. The abolition of the continuation of the Bitcoin Cash fall will be the breakdown of the upper range of the Bollinger Bands indicator bands, as well as the moving average with a period of 55, and the closing of the pair quotes above the 1210.50 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.

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