Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 2612.66. 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 test the average border of the bands of the Bollinger Bands indicator. A test of the level of 2390.50 is expected, which one should expect an attempt to continue the fall and further development of a downward trend with a target near the level of 3430.50.
Bitcoin Cash(BCH/USD)forecast and analysis on December 25, 2017
The conservative shopping area is near the lower boundary of the Bollinger Bands indicator bars at 1850.80. The abolition of the option of continuing Bitcoin Cash growth will be will be the breakdown of the upper boundary 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 1530.50 area, 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.