BCH/USDT – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 542.8 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 536 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Bullish Engulfing’ candle pattern is detected. The chart forms ‘Bullish Engulfing’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 542.8 |
| 2nd High | 540.8 |
| Next High | 536 |
| Current Price | 517.000000000 |
| Next Low | 516.8 |
| 2nd Low | 423 |
| 3rd Low |
536 – 540.8 – 540.5 – 521.8 – 523.2 – 516.8 —
522.400000000 – 520.100000000 —
29.367149271829 – 41.014875674664 —
– —
536 – 1770591600
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Bullish Engulfing – – –