Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 1497.64. 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 test of the level of 1500.50 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 1260.50.
Bitcoin Cash (BCH/USD) forecast and analysis on May 10, 2018
The conservative area for Bitcoin Cash sales is located at the upper border of the Bollinger Bands indicator bars at 1800.20. The abolition of the option to continue 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 1810.20, which indicates a change in the trend in favor of the bullish 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.