Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 383. 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 lower border of the Bollinger Bands indicator.
Bitcoin Cash (BCHUSD) forecast on January 17 — 23, 2022
As part of the Bitcoin Cash forecast, a test of the level of 412 is expected. Where can we expect an attempt to continue the fall in BCH/USD and the further development of the downward trend. The purpose of this movement is the area near the level of 255. The conservative area for Bitcoin Cash sales is located near the upper border of the Bollinger Bands indicator strip at 470.
Cancellation of the option to continue the decline in the Bitcoin Cash rate will be a breakdown of the upper border of the Bollinger Bands indicator bars. As well as the moving average with a period of 55 and the closing of quotations of the pair above the 520 area. This will indicate a change in the current trend in favor of the bullish for BCH/USD. In case of a breakdown of the lower border of the Bollinger Bands indicator bands, we should expect an acceleration of the fall of the cryptocurrency.
Bitcoin Cash (BCHUSD) forecast on January 17 — 23, 2022 implies a test level of 515. Further, it is expected to continue falling to the area below the level of 255. The conservative sales area is located near the area of 470. Cancellation of the cryptocurrency fall option will be a breakdown of the level of 520. In this case, we should expect a continuation growth.