BCH/USDT – 30M – BUY

The pair Bitcoin Cash/Tether (BCH/USDT) breaks through the bullish trendline up.

A continuation of the upward movement up to the next resistance level at 456.9 will continue.

Caution: A possible trend reversal in the direction of support at 444 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Current target is 454.3 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance level at 456.9 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Three Outside Up’ candlestick chart pattern is found. The candles form ‘Three Outside Up’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

453.4 – 452.8 – 452 – 444 – 442.6 – 442.7 —
449.100000000 – 455.800000000 —
47.88494690364 – 57.207243194817 —
– —
453.4 – 1773208800

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three Outside Up – Symmetrical Triangle Chart Pattern – –