Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 439.93. Cryptocurrency quotes are trading below the moving average with a period of 55, which indicates the presence of a bearish trend for Bitcoin Cash. At the moment, the cryptocurrency quotes are moving near the lower border of the Bollinger Bands indicator bands. A test of the level of 520.00 is expected, from which one can expect an attempt to continue the fall and further develop the downward trend with a goal near the level of 300.00.
Bitcoin Cash (BCHUSD) weekly forecast on October 15 — 21, 2018
The conservative sales area for Bitcoin Cash is near the upper boundary of the Bollinger Bands indicator bars at 590.00. Cancellation of the option to continue falling Bitcoin Cash will be the breakdown of the upper border of the Bollinger Bands indicator, as well as the moving average with a period of 55 and closing of quotations of the pair above 620.00, which will indicate a change in trend in favor of the bullish BCH/USD. In case of a breakdown of the lower border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall.
