Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 1390.07. Quotes of the cryptocurrency are traded below the moving average with a period of 55, indicating a bearish trend for Bitcoin Cash. At the moment, the quotes of the cryptocurrency are moving near the upper border of the Bollinger Bands indicator bars. A test of level 1465.50 is expected, from which one should expect an attempt to continue falling and further development of a downward trend with a target near the level of 1150.50.
Bitcoin Cash (BCH/USD) forecast and analysis on December 1, 2017
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator strip at the level of 1705.60. The abolition of the option of continuing the fall of Bitcoin Cash will be the breakdown of the upper boundary of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the pair quotes above the area of 1790.50, indicating a change in the bullish trend for BCH/USD. In the event of a breakdown of the lower boundary of the bands of the Bollinger Bands indicator, it is expected to accelerate the fall.