Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 2878.00. 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 2620.50 is expected, from which one should expect an attempt to continue growth and further development of the upward trend with a target close to the level of 3650.50.
Bitcoin Cash(BCH/USD)forecast and analysis on December 28, 2017
The conservative area for buying is near the lower border of the Bollinger Bands indie bands at 2500.60. The abolition of the option of 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 2150.20, 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.