Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 856.79. 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 of 1070.50 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 350.20.
Bitcoin Cash (BCHUSD) forecast on March 19 — 25, 2018
The conservative area for Bitcoin Cash sales is located at the upper border of the Bollinger Bands indicator bars at 1300.20. The abolition of the option of continuing the Bitcoin Cash fall 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 area of 1500.20, 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.