Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 160. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bearish trend for Bitcoin Cash. At the moment, cryptocurrency quotes are moving near the middle border of the Bollinger Bands indicator.
Bitcoin Cash (BCHUSD) forecast on December 31, 2018 — January 6, 2019
As part of the Bitcoin Cash forecast, a test of level 220 is expected. Where should we expect an attempt to continue the fall of BCH/USD and the further development of the downward trend. The purpose of this movement is the area near the level of 80. The conservative area for sales of Bitcoin Cash is located near the upper border of the Bollinger Bands indicator strip at the level of 230.
Cancellation of the option to continue the decline in Bitcoin Cash will be the breakdown of the upper border of the Bollinger Bands indicator bands. As well as the moving average with a period of 55 and closing of quotations of the pair above the area of 280. This will indicate a change in the current trend in favor of the bullish BCH/USD. In the event of a breakdown of the lower border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall of the cryptocurrency.
Bitcoin Cash (BCHUSD) forecast on December 31, 2018 — January 6, 2019 implies a test level of 220. Further, it is expected to continue falling to the area below 80. The conservative area for selling Bitcoin Cash is located area of 230. Canceling the option of falling cryptocurrency will break the level of 280. In this case, we can expect continued growth.