Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 121. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bearish trend for Bitcoin Cash. At the moment, cryptocurrency quotes are moving near the middle border of the Bollinger Bands indicator.
Bitcoin Cash (BCHUSD) weekly forecast on February 18 — 24, 2019
As part of the Bitcoin Cash forecast, a test of the level of 150 is expected. Where should we expect an attempt to continue the fall of BCH/USD and further development of the downward trend. The purpose of this movement is the area near level 60. The conservative area for Bitcoin Cash sales is located near the upper border of the Bollinger Bands indicator strip at level 180.
Cancellation of the option to continue the decline in 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 the area of 210. This will indicate a change in the current trend in favor of bullish for 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 of the cryptocurrency.
Bitcoin Cash (BCHUSD) weekly forecast on February 18 — 24, 2019 implies a test level of 150. Further, it is expected to continue falling to the area below the level of 60. The conservative area for selling Bitcoin Cash is located area of 180. Canceling the option of falling cryptocurrency will break the level of 210. In this case, we should expect continued growth.