Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 391. 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.
As part of the Bitcoin Cash forecast, a test level of 450 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 270. The conservative area for sales of Bitcoin Cash is located near the upper border of the Bollinger Bands indicator at the level of 640.
Bitcoin Cash (BCHUSD) weekly forecast on November 19 — 25, 2018
Cancellation of the option to continue the decline of Bitcoin Cash will be a breakdown of the area of the upper 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 660 area. 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) weekly forecast on November 19 — 25, 2018 implies a test of level 450. Further, it is expected to continue falling to the area below 270. The conservative sales zone is near 640. Cancellation of the fall option of cryptocurrency will be a breakdown of the level of 660. In this case, we should expect continued growth.
