Bitcoin Cash (BCHUSD) weekly forecast on August 12 — 18, 2019 - Cryptonic News

Bitcoin Cash (BCHUSD) weekly forecast on August 12 — 18, 2019

Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 329. 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 stripes.

Bitcoin Cash (BCHUSD) weekly forecast on August 12 — 18, 2019

As part of the Bitcoin Cash forecast, a test of level 350 is expected. Where can we expect an attempt to continue the fall of BCH / USD and the further development of a downward trend. The purpose of this movement is the area near the level of 230. The conservative area for sales of Bitcoin Cash is located near the upper border of the Bollinger Bands indicator strip at 360.

Bitcoin Cash (BCHUSD) weekly forecast on August 12 — 18, 2019

The cancellation of the option to continue the depreciation of Bitcoin Cash will be a breakdown of the area of ​​the upper border of the Bollinger Bands indicator stripes. As well as a moving average with a period of 55 and the closing of quotations of the pair above the area of ​​430. This will indicate a change in the current trend in favor of the bullish for BCH/USD. In case of breakdown of the lower border of the Bollinger Bands indicator bands, we should expect an acceleration in the fall of cryptocurrency.

Bitcoin Cash (BCHUSD) weekly forecast on August 12 — 18, 2019 implies a test level of 350. Further, it is expected to continue falling to the area below the level of 230. The conservative area for selling Bitcoin Cash is located area of 360. Canceling the option of falling cryptocurrency will be a breakdown of the level of 430. In this case, we can expect continuation growth.

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Bitcoin Cash (BCHUSD) weekly forecast on August 12 — 18, 2019 Bitcoin Cash (BCHUSD) weekly forecast on August 12 — 18, 2019 Reviewed by Staff Reporter on August 12, 2019 Rating: 5

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