Bitcoin Cash (BCH/USD) forecast and analysis on December 23, 2017

Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 2367.66. 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 middle border of the indicator Bollinger Bands. A test of the level of 2180.50 is expected, from which one should expect an attempt to continue growth and further development of the upward trend with the target near the level of 3220.50.

Bitcoin Cash(BCH/USD)forecast and analysis on December 23, 2017

Bitcoin Cash (BCH/USD) forecast and analysis on December 23, 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 bars, as well as the moving average with a period of 55 and the closing of the pair quotes below the area of ​​1440.60, 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.


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