BCH/USDT – 30M – BUYThe pair Bitcoin Cash/Tether (BCH/USDT) breaks through the descending trendline up.
The bullish trend upwards to the next resistance level at 564.5 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 538.7 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The currency pair could go up.
Furthermore a ‘Bullish Engulfing’ candlestick pattern is existing. The candles form ‘Bullish Engulfing’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 565 |
| 2nd High | 564.9 |
| Next High | 564.5 |
| Current Price | 563.700000000 |
| Next Low | 538.7 |
| 2nd Low | 493.8 |
| 3rd Low | 423 |
564.5 – 563.7 – 563.3 – 538.7 – 550.6 – 551.2 —
544.600000000 – 563.500000000 —
23.385768477952 – 61.832172622145 —
– —
564.5 – 1771569000
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Bullish Engulfing – – –