Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 1393.90. 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 test the average border of the bands of the Bollinger Bands indicator. A test of level 1460.20 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 1060.50.
Bitcoin Cash (BCH/USD) forecast and analysis on December 9, 2017
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator bars at 1577.10. The abolition of the continuation of the Bitcoin Cash fall will be the breakdown of the upper boundary 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 area of 1680.50, 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.