Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 1683.59. 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 are moving near the upper border of the Bollinger Bands indicator. A test of level 1610.50 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 1920.50.
Bitcoin Cash(BCH/USD)forecast and analysis on November 26, 2017
The conservative area for buying is near the lower border of the Bollinger Bands indie bands at 1060.50. Abolishing the option of continuing Bitcoin Cash growth is the breakdown of the lower border area 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 980.50, indicating a trend change in favor of the BCH/USD for bearish. In the event of breakdown of the upper boundary of the bands of the indicator Bollinger Bands, one should expect an acceleration of growth.