BCH/USDT – 30M – BUY

The combination Bitcoin Cash/Tether (BCH/USDT) breaks through the descending trendline upwards

An ascent up to the next resistance at 524.4 is likely expected.

Caution: A possible counter-trend in the direction of the support level at 493.8 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The pair is likely to go up.

Moreover a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a positive signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 528 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance line at 524.4 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three White Soldiers’ candle chart pattern is detected. The candles form ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.

518.2 – 524.4 – 523.2 – 493.8 – 504.5 – 507.6 —
511.300000000 – 519.300000000 —
51.990963435395 – 66.527643974261 —
– —
518.2 – 1770904800

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three White Soldiers – – –