Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 312. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bearish trend on Bitcoin Cash. At the moment, cryptocurrency quotes are moving near the middle border of the Bollinger Bands indicator bands.
Bitcoin Cash (BCHUSD) forecast on February 21 — 27, 2022
As part of the Bitcoin Cash rate forecast, a test of the level of 360 is expected. Where should we expect an attempt to continue the fall of BCH/USD and further development of the downward trend. The target of this movement is the area near the level of 210. The conservative area for selling Bitcoin Cash is located near the upper border of the Bollinger Bands indicator bands at the level of 370.
Cancellation of the option to continue the decline in the Bitcoin Cash rate will be a breakdown of the area of the upper border of the Bollinger Bands indicator bands. As well as a moving average with a period of 55 and the closing of the pair’s quotes above the 410 area. This will indicate a change in the current trend in favor of the bullish for BCH/USD. In the event of a breakdown of the lower border of the Bollinger Bands indicator bands, we should expect an acceleration in the fall of the cryptocurrency.
Bitcoin Cash (BCHUSD) forecast on February 21 — 27, 2022 implies a test level of 360. Further, it is expected to continue falling to the area below the level of 210. The conservative sales area is located near the area of 370. Cancellation of the cryptocurrency fall option will be a breakdown of the level of 410. In this case, we should expect a continuation growth.
