Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 271. 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.
Bitcoin Cash (BCH/USD) forecast and analysis on November 22, 2018
As part of the Bitcoin Cash forecast, a test of the 310 level 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 190. 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 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 the quotations of the pair above the area of 450. This will indicate a change in the current trend in favor of 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.
Thus, Bitcoin Cash (BCH/USD) forecast and analysis on November 22, 2018 implies a test of level 310. Further, it is expected to continue falling to the area below 190. The conservative sales zone is near the 440 area. One should expect continued growth.
