Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 89. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bearish 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 19, 2018
As part of the Bitcoin Cash forecast, a test of level 95 is expected. Where should we expect an attempt to continue the fall of BCH/USD and the further development of the downward trend. The purpose of this movement is the area near the level of 65. The conservative area for selling Bitcoin Cash is located near the upper border of the Bollinger Bands indicator strip at level 98.
Cancellation of the option to continue the decline in Bitcoin Cash will be the breakdown of the upper border of the Bollinger Bands indicator bands. As well as the moving average with a period of 55 and closing of quotations of the pair above the area of 105. This will indicate a change in the current trend in favor of the bullish on BCH/USD. In the event 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 (BCH/USD) forecast and analysis on December 19, 2018 implies a test level of 95. Further, it is expected to continue falling to the area below 65. The conservative area for selling Bitcoin Cash is located area of 98. Canceling the variant of falling cryptocurrency will result in a breakdown of level 105. In this case, you should expect continued growth.
