Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 1812.00. 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 1762.50 is expected, from which one should expect an attempt to continue growth and further development of the upward trend with the aim near the level of 2150.50.
Bitcoin Cash(BCH/USD)forecast and analysis on December 19, 2017
The conservative area for buying is near the lower border of the Bollinger Bands indie bands at 1680.20. Abolishing the option of continuing Bitcoin Cash growth is the breakdown of the lower border area of the Bollinger Bands indicator strips, as well as the moving average with a period of 55 and the closing of the pair quotes below the area of 1540.50, 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.
