Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 204. 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 22, 2018
As part of the Bitcoin Cash forecast, the test is expected at the level of 182. 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 250. 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 the area of 65. 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 22, 2018 implies a test level of 182. Further, growth is continued to the region above the level of 250. The conservative area for buying Bitcoin Cash is located area of 70. Cancellation of the growth option of cryptocurrency will be a breakdown of the level of 65. In this case, we should expect further decline.