Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 1414.85. Quotes of the cryptocurrency are traded below the moving average with a period of 55, indicating a bearish trend in Bitcoin Cash. At the moment, the quotes of the cryptocurrency are moving near the lower border of the Bollinger Bands indicator bars. A test of the level of 1480.50 is expected, from which one should expect an attempt to continue falling and further development of a downward trend with a target near the level of 1150.50.
Bitcoin Cash (BCH/USD) forecast and analysis on December 7, 2017
The conservative sales area is located near the upper border of the Bollinger Bands indicator strip at 1606.20. 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 1710.50, which will indicate 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.
