Bitcoin Cash (BCH/USD) forecast and analysis on December 25, 2018

Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 211. Cryptocurrency quotes are trading above the moving average with a period of 55. This indicates a bullish trend on Bitcoin Cash. At the moment, cryptocurrency quotes are moving near the upper border of the Bollinger Bands indicator.

Bitcoin Cash (BCH/USD) forecast and analysis on December 25, 2018

As part of the Bitcoin Cash forecast, the level 198 test is expected. Where should we expect an attempt to continue the growth of BCH/USD and the further development of the upward trend. The purpose of this movement is the area near the level of 260. The conservative area for buying of Bitcoin Cash is located near the lower border of the Bollinger Bands indicator strip at level 180.

Bitcoin Cash (BCH/USD) forecast and analysis on December 25, 2018

Cancellation of the option to continue the growth rate of Bitcoin Cash will be a breakdown of the lower border of the Bollinger Bands indicator bands. As well as the moving average with a period of 55 and the closing of quotations of the pair below the area of ​​160. This will indicate a change in the current trend in favor of a bearish BCH/USD. In the event of a breakdown of the upper border of the Bollinger Bands indicator bands, one should expect an acceleration of the cryptocurrency decline.

Bitcoin Cash (BCH/USD) forecast and analysis on December 25, 2018 implies a test level of 198. Further growth is expected to continue to the area above the level of 260. The conservative area for buying Bitcoin Cash is located area of 180. Cancellation of the growth option of cryptocurrency will be a breakdown of the level of 160. In this case, we can expect a further fall.


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