Bitcoin Cash forecast for the week of 8 — 14 Oct 2018

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Bitcoin Cash forecast for the week of 8 — 14 Oct 2018

Bitcoin Cash BCH/USD is trading at the level 511.99. Quotes of cryptocurrency trading below the moving average with period 55, which indicates the presence of the bearish trend of Bitcoin for Cash. At the moment quotes cryptocurrency moving average near the boundaries of the Bollinger bands. Expected to test the level of 580.00, where we can expect an attempt continue to fall and further development of a descending trend with the target near the level of 340.00.

Bitcoin Cash forecast for the week of 8 — 14 Oct 2018

Conservative area for sales is near the upper boundary of the Bollinger bands at the level of 600.00. The cancellation of the option to continue falling Bitcoin Cash will be a break out region the upper boundary of the Bollinger bands and moving average with period 55 and closing of quotations of the pair above the field 650.00 that will indicate trend change in favor of bullish on BCH/USD. In case of breaking the lower border of the Bollinger bands is expected to fall faster.

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