Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 211. Cryptocurrency quotes are trading above the moving average with a period of 55. This indicates a bullish trend on Bitcoin Cash. At the moment, cryptocurrency quotes are moving near the upper border of the Bollinger Bands indicator stripes.
Bitcoin Cash (BCH/USD) forecast and analysis on December 31, 2019
As part of the Bitcoin Cash forecast, a test of level 206 is expected. Where can we expect an attempt to continue the growth of BCH/USD and the further development of an upward trend. The purpose of this movement is the area near the level of 227. The conservative buying area for Bitcoin Cash is located near the lower border of the Bollinger Bands indicator strip at 187.
Cancellation of the option to continue the growth of the Bitcoin Cash rate will be a breakdown of the lower border of the Bollinger Bands indicator stripes. As well as a moving average with a period of 55 and closing of quotations of the pair below the area of 185. This will indicate a change in the current trend in favor of the bearish for BCH/USD. In case of breakdown of the upper border of the Bollinger Bands indicator bands, we should expect an acceleration in the fall of cryptocurrency.
Bitcoin Cash (BCH/USD) forecast and analysis on December 31, 2019 implies a test level of 206. Further growth is expected to continue to the area above the level of 227. The conservative area for buying Bitcoin Cash is located area of 187. Cancellation of the growth option of cryptocurrency will be a breakdown of the level of 185. In this case, we should expect a further fall.
