Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 1419.04. Quotes of the cryptocurrency are traded below the moving average with a period of 55, indicating a bearish trend for Bitcoin Cash. At the moment, the quotes of the cryptocurrency are moving near the lower border of the Bollinger Bands indicator. A test of the level of 1466.50 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 1090.50.
Bitcoin Cash (BCH/USD) forecast and analysis on December 3, 2017
The conservative sales area is located near the upper boundary of the Bollinger Bands indices at 1594.40. 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 quotations above the area of 1670.20, indicating a change in the trend in favor of the bullish 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.