Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 703.39. 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 test the upper boundary of the bands of the indicator Bollinger Bands. A test of the level of 658.50 is expected, from which one should expect an attempt to continue growth and further development of an upward trend with a target near the level of 750.50.
Bitcoin Cash(BCH/USD)forecast and analysis on November 11, 2017
The conservative area for buying is near the lower border of the Bollinger Bands indicator strip at the level of 571.40. The abolition of the option of continuing Bitcoin Cash growth will be 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 quotes below the area of 550.20, indicating a change in the bearish trend 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.
