Bitcoin Cash (BCH/USD) forecast and analysis on December 20, 2017

Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 2129.40. 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 2050.30 is expected, from which one should expect an attempt to continue growth and further development of the upward trend with a target near the level of 2560.50.

Bitcoin Cash(BCH/USD)forecast and analysis on December 20, 2017

Bitcoin Cash (BCH/USD) forecast and analysis on December 20, 2017

The conservative area for buying is near the lower border of the Bollinger Bands indie bands at 1610.20. The abolition of the option for continuing Bitcoin Cash growth will result in the breakdown of the lower border 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 1550.60, indicating a change in the bear price 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.


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