BCH/USDT – 1H – BUYThe combination Bitcoin Cash/Tether (BCH/USDT) breaks through the bearish trendline upwards
A bullish trend upwards to the next resistance at 454.1 is likely expected.
Caution: A possible counter-trend in the direction of support at 445.7 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 459.5 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 454.1 is within the realm of possibility.
Consider stop-loss settings accordingly.
Next a ‘Three White Soldiers’ chart pattern is found. The candles show ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 476.8 |
| 2nd High | 467.8 |
| Next High | 454.1 |
| Current Price | 450.800000000 |
| Next Low | 445.7 |
| 2nd Low | 442.2 |
| 3rd Low | 432.2 |
454.1 – 467.8 – 476.8 – 445.7 – 446.6 – 442.2 —
451.000000000 – 450.400000000 —
46.202683787898 – 50.905508690341 —
– —
454.1 – 1772913600
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three White Soldiers – – –