BCH/USDT – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 442.2 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support line at 455.4 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Two Crows’ chart pattern is discovered. The candles show ‘Two Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 467.8 |
| 2nd High | 464.3 |
| Next High | 455.4 |
| Current Price | 444.500000000 |
| Next Low | 442.2 |
| 2nd Low | 439 |
| 3rd Low | 432.2 |
455.4 – 454.1 – 452.6 – 445.7 – 445.7 – 446.6 —
448.800000000 – 445.200000000 —
42.858190009517 – 40.280179985967 —
– —
455.4 – 1772964000
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Two Crows – – –