Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 118. 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 20, 2018
As part of the Bitcoin Cash forecast, a test of the level 108 is expected. Where should we expect an attempt to continue the growth of BCH/USD and further development of the upward trend. The purpose of this movement is the area near the level of 140. The conservative area for buying of Bitcoin Cash is located near the lower border of the Bollinger Bands indicator strip at level 70.
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 closing of quotations of the pair below area 68. 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 20, 2018 implies a test level of 108. Further growth is expected to continue to the area above the level of 140. The conservative area for buying Bitcoin Cash is located area of 70. Canceling the level of cryptocurrency growth will be a breakdown of 68. In this case, we should expect a further fall.