Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 1288.25. Quotes of the cryptocurrency are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for Bitcoin Cash. At the moment, the quotes of the cryptocurrency are moving near the upper border of the Bollinger Bands indicator. A test of the level of 1240.50 is expected, from which one should expect an attempt to continue growth and further development of the upward trend with the target near the level of 1430.20.
Bitcoin Cash (BCH/USD) forecast and analysis on March 4, 2018
The conservative buying area for Bitcoin Cash is located near the lower border of the Bollinger Bands indicator bars at 1200.20. The abolition of the option of continuing Bitcoin Cash growth will result in the breakdown of the lower border of the Bollinger Bands indicator bands, as well as the moving average with a period of 55, and the closing of the pair quotations below the 1140.50 area, indicating a change in the bearish for BCH/USD. In the event of breakdown of the upper boundary of the bands of the indicator Bollinger Bands, one should expect an acceleration of growth.