Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 2451.20. Quotes of the cryptocurrency are traded below the moving average with a period of 55, indicating a bearish trend for Bitcoin Cash. Currently, the cryptocurrency quotes are testing the lower boundary of the Bollinger Bands indicator bars. A test of the level of 2650.50 is expected, from which one should expect an attempt to continue the fall and further development of a downward trend with a target near the level of 1850.50.
Bitcoin Cash(BCH/USD)forecast and analysis on December 29, 2017
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator strip at the level of 2950.50. The abolition of the continuation of the Bitcoin Cash fall will be the breakdown of the upper range of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the pair quotes above the 3250.50 area, indicating a change in the bullish trend for BCH/USD. In the event of a breakdown of the lower boundary of the bands of the Bollinger Bands indicator, it is expected to accelerate the fall.
