Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 1485.12. Quotes of the cryptocurrency are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for Bitcoin Cash. At the moment, the quotes of the cryptocurrency are moving near the upper border of the Bollinger Bands indicator. A test of the level of 1430.50 is expected, from which one should expect an attempt to continue growth and further development of the upward trend with a target close to the level of 1680.50.
Bitcoin Cash(BCH/USD)forecast and analysis on December 14, 2017
The conservative area for buying is near the lower border of the Bollinger Bands indie bands at 1195.90. Abolishing the option of continuing Bitcoin Cash growth is the breakdown of the lower border area of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the pair quotes below the area of 1150.40, indicating a change in the bearish for BCH/USD. In the event of breakdown of the upper boundary of the bands of the indicator Bollinger Bands, one should expect an acceleration of growth.