Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 960.24. 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. At the moment, the quotes of the cryptocurrency are moving near the upper border of the Bollinger Bands indicator bars. A test of the level of 1000.50 is expected, from which one should expect an attempt to continue the fall and further development of a downward trend with a target close to the level of 800.50.
Bitcoin Cash (BCH/USD) forecast and analysis on March 21, 2018
The conservative area for Bitcoin Cash sales is located at the upper border of the Bollinger Bands indicator bars at 1010.20. 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 1100.50 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.