Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 158. 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) weekly forecast on January 7 — 13, 2019
As part of the Bitcoin Cash forecast, the level 210 test 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 at the level of 215.
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 270. This will indicate a change in the current trend in favor of bullish on 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 forecast for the week of January 7 – 13, 2019 suggests a test of level 210. Further, it is expected to continue falling to the area below the level of 80. The conservative area for selling Bitcoin Cash is located area of 215. Canceling the option of falling cryptocurrency will break the level of 270. In this case, we can expect continued growth.
