Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 400. 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 November 19, 2018
As part of the Bitcoin Cash forecast, the test is expected at 438. 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 320. The conservative area for sales of Bitcoin Cash is located near the upper border of the Bollinger Bands indicator at the level of 440.
Cancellation of the option to continue the decline of Bitcoin Cash will be a breakdown of the area of the upper border of the Bollinger Bands indicator. As well as the moving average with a period of 55 and closing of quotations of the pair above the area of 470. This will indicate a change in the current trend in favor of the bullish BCH/USD. In case 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 for November 19, 2018 implies a test level of 438. Further, it is expected to continue falling to the area below the level of 320. The conservative sales zone is located near the area of 440. Cancellation of the option of falling cryptocurrency will be a breakdown of the level of 470. In this case, we should expect continued growth.
