Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 383. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bearish trend on Bitcoin Cash. At the moment, the cryptocurrency quotes are moving near the lower border of the Bollinger Bands indicator bands.
As part of the Bitcoin Cash forecast, the test is expected to level 410. 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 310. The conservative area for sales of Bitcoin Cash is located near the upper border of the Bollinger Bands indicator at the level of 415.
Bitcoin Cash (BCH/USD) forecast and analysis on November 20, 2018
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 460. This will indicate a change in the current trend in favor of the bullish on 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 and analysis on November 20, 2018 implies a test level of 410. Further, it is expected to continue falling to the area below the 310 level. The conservative sales zone is near the 415 area. In this case one should expect continued growth.