Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 2846.37. 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 cryptocurrency quotes test the upper boundary of the Bollinger Bands indicator bands. A test of the level of 2650.30 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 3460.50.
Bitcoin Cash(BCH/USD)forecast and analysis on December 21, 2017
The conservative area for buying is near the middle border of the Bollinger Bands indicator strip at the level of 1911.80. The abolition of the option of continuing Bitcoin Cash growth will be the breakdown of the middle border of the Bollinger Bands indicator strip, as well as the moving average with a period of 55 and the closing of the pair quotes below the area of 1360.50, indicating a change in the bearish trend 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.