Bitcoin Cash (BCH/USD) forecast and analysis on December 8, 2017

Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 1305.26. 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 1390.35 is expected, from which one should expect an attempt to continue falling and further development of the downward trend with a target near the level of 1060.50.

Bitcoin Cash (BCH/USD) forecast and analysis on December 8, 2017

Bitcoin Cash (BCH/USD) forecast and analysis on December 8, 2017

The conservative sales area is located near the upper boundary of the Bollinger Bands indicator bars at 1580.90. The abolition of the option to continue the Bitcoin Cash fall will be a breakdown of the upper range of the Bollinger Bands indicator bands, as well as a moving average with a period of 55 and the closing of the pair quotations above the area of 1685.50, 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.

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