Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 1196.62. Quotes of the cryptocurrency are traded above the moving average with a period of 55, which indicates the existence of a bullish 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 1140.50 is expected, from which one should expect an attempt to continue growth and further development of an upward trend with a target near the level of 1490.50.
Bitcoin Cash(BCH/USD)forecast and analysis on November 22, 2017
The conservative area for buying is near the lower border of the Bollinger Bands indicator strip at 1128.50. The abolition of the option of continuing Bitcoin Cash growth will be the breakdown of the lower border area of the Bollinger Bands indicator strip, as well as the moving average with a period of 55 and the closing of the pair quotes below the area of 1030.50, indicating a change in the bearish trend for BCH/USD. In the event of breakdown of the upper boundary of the bands of the indicator Bollinger Bands, one should expect an acceleration of growth.
