Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 1406.26. 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 cryptocurrency quotes test the upper boundary of the Bollinger Bands indicator bands. A test of level 1330.50 is expected, from which one should expect an attempt to continue growth and further development of an upward trend with a target close to the level of 1620.50.
Bitcoin Cash(BCH/USD)forecast and analysis on November 24, 2017
The conservative area for buying is near the lower border of the Bollinger Bands indicator strip at 1090.40. The abolition of the option of continuing Bitcoin Cash growth will be the breakdown of the lower border of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the pair quotes below the area of 1050.50, 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.