Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 162. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bearish trend on Bitcoin Cash. At the moment, the cryptocurrency quotes are moving near the lower border of the Bollinger Bands indicator bands.
Bitcoin Cash (BCHUSD) forecast on November 26 — December 2, 2018
As part of the Bitcoin Cash forecast, a test of level 250 is expected. Where should we expect an attempt to continue the fall of BCH/USD and 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 middle border of the Bollinger Bands indicator at the level of 400.
Cancellation of the option to continue the decline of Bitcoin Cash will be a breakdown of the area of the middle border of the Bollinger Bands indicator. As well as the moving average with a period of 55 and closing of quotations of the pair above the area of 460. This will indicate a change in the current trend in favor of the bullish on BCH/USD. In case 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 November 26 — December 2, 2018 implies a test of level 250. Further, it is expected to continue falling to the area below 80. The conservative area for selling Bitcoin Cash is located area of 400. Canceling the option of falling cryptocurrency will break the level of 460. In this case, we can expect continued growth.
