Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 983.00. 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 lower border of the Bollinger Bands indicator bars. A test of the level 1020.50 is expected, from which one should expect an attempt to continue falling and further development of the downward trend with the target near the level of 880.20.
Bitcoin Cash (BCH/USD) forecast and analysis on March 26, 2018
The conservative area for Bitcoin Cash sales is located at the upper border of the Bollinger Bands indicator bars at 1050.00. The abolition of the continuation of the Bitcoin Cash fall will be the breakdown of the upper boundary of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the pair quotations above the area of 1100.20, 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.