Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 2349.46. 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 2180.50 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 3140.50.
Bitcoin Cash(BCH/USD)forecast and analysis on December 26, 2017
The conservative area for buying is near the lower border of the Bollinger Bands indicator strip at 1920.50. Canceling the option of continuing Bitcoin Cash growth will be the breakdown of the lower bound 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 1620.50 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.