Cryptocurrency Bitcoin Cash (BCH / USD) is trading at 1229.13. Quote from cryptocurrency is trading below the moving average with a period of 55, indicating a bearish trend for Bitcoin Cash. Currently, crypto currency quotes move near the center border of the Bollinger Bands indicator. A 1300.00 test is expected, from which one should expect efforts to continue the downfall and further development of a downward trend with a target near the 1080.50 level.
The conservative area for Bitcoin Cash sales lies at the upper limit of the Bollinger Bands indicator bar at 1300.50. The option abolition to continue the fall of Bitcoin Cash will be a breakdown of the upper range of the Bollinger Bands indicator band, as well as the moving average with the 55 period, and the pair’s closing bid above the area of 1420.50, indicating a change in bullish trend for BCH / USD. If there is damage to the lower bound of the Bollinger Bands indicator band, it is expected to accelerate the fall.