Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 1375.84. 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 middle border of the Bollinger Bands indicator bars. A test of the level of 1430.50 is expected, from which one should expect an attempt to continue falling and further development of the downward trend with the target near the level of 1130.50.
Bitcoin Cash(BCH/USD)forecast and analysis on December 10, 2017
The conservative sales area is located near the upper boundary of the Bollinger Bands indices at 1495.50. The cancellation of the variant of the continuation of the Bitcoin Cash fall 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 1665.50, which will indicate a change in the trend in favor of the bullish 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.