Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 328. 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 lower border of the Bollinger Bands indicator bands.
As part of the Bitcoin Cash forecast, a test of 360 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 270. The conservative area for sales of Bitcoin Cash is located near the upper border of the Bollinger Bands indicator bands at the level of 430.
Bitcoin Cash (BCH/USD) forecast and analysis on November 21, 2018
Cancellation of the option to continue the decline in Bitcoin Cash will be a 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 440 area. 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 November 21, 2018 assumes a test of 360. The conservative sale zone is near the area of 270. Canceling the option of falling cryptocurrency will result in a level of 430. In this case one should expect continued growth.
