Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 159. 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 middle border of the Bollinger Bands indicator.
Bitcoin Cash (BCH/USD) forecast and analysis on January 2, 2019
As part of the Bitcoin Cash forecast, a test of level 172 is expected. Where should we expect an attempt to continue the fall of BCH/USD and further development of the downward trend. The purpose of this movement is the area near the level of 120. The conservative area for sales of Bitcoin Cash is located near the upper border of the Bollinger Bands indicator at the level of 175.
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 190. 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 January 2, 2019 implies a test level of 172. Further, it is expected to continue falling to the area below the level of 120. The conservative area for selling Bitcoin Cash is located area of 175. Cancellation of the option of falling cryptocurrency will be a breakdown of the level of 190. In this case, we should expect continued growth.