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Bitcoin Cash

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

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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

Top 3 price prediction BTC, ETH, XRP: Daily confluence detector shows that bulls are in prime position to takeover – Confluence Detector

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  • Both Bitcoin (BTC) and Ethereum (ETH) lack any healthy resistance levels on the upside.
  • There are healthy support levels on the downside that are holding the price up.

It looks like the bulls are finally ready to take over the crypto market, following several days of bearish domination. As per the daily confluence detector, there are no resistance levels on the upside, holding the price down. While Ripple does face resistance up ahead, the price is held up by robust stacks of support. Bitcoin and Ethereum bulls can theoretically push the price back inside the $8,000 and $160 zones, respectively, if they gather enough momentum. 

Currently, the price action of the top three coins so far this Saturday is as follows – BTC/USD went up from $7,542.55 to $7,563.75, ETH/USD went up from $149.10 to $149.55 and XRP/USD has gone up from $0.226 to $0.228

Source: fxstreet

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Bitcoin Cash

Bitcoin Cash (BCH/USD) forecast and analysis on December 7, 2019

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Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 211. 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 (BCH/USD) forecast and analysis on December 7, 2019

As part of the Bitcoin Cash forecast, a test of level 218 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 190. The conservative area for sales of Bitcoin Cash is located near the upper border of the Bollinger Bands indicator strip at the level of 220.

Bitcoin Cash (BCH/USD) forecast and analysis on December 7, 2019

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 closing of quotations of the pair above the area of ​​228. 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 (BCH/USD) forecast and analysis on December 7, 2019 implies a test level of 218. Further, it is expected to continue falling to the area below the level of 185. The conservative area for selling Bitcoin Cash is located area of 220. Canceling the option of falling cryptocurrency will be a breakdown of the level of 228. In this case, we can expect continuation growth.

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Bitcoin Cash price analysis: BCH/USD market momentum turns from bearish to bullish

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  • Daily price chart is floating below the SMA 200, SMA 50 and SMA 20 curves.
  • The RSI indicator is trending around 39, next to the oversold zone.

BCH/USD daily chart

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BCH/USD is on course of charting its second straight bullish day. Currently, the price has gone up slightly to $211.75 and is floating below the 20-day Simple Moving Average (SMA 20), SMA 50 and SMA 200 curves. The Moving Average Convergence/Divergence (MACD) indicator has reversed its momentum from bearish to bullish, while the Relative Strength Index (RSI) indicator is trending around 39. The 20-day Bollinger jaw has narrowed, showing decreasing price volatility.
 

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Source: fxstreet

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