BCH/USDT – 1H – SELLMoreover a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 450.8 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 461.2 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Bearish Belt Hold’ candlestick pattern is discovered. The candles form ‘Bearish Belt Hold’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 476.8 |
| 2nd High | 467.8 |
| Next High | 461.2 |
| Current Price | 454.100000000 |
| Next Low | 451.6 |
| 2nd Low | 442.6 |
| 3rd Low | 440.4 |
461.2 – 452.8 – 454.3 – 451.6 – 442.6 – 440.4 —
460.000000000 – 456.200000000 —
58.456466335998 – 49.500440081712 —
– —
461.2 – 1773234000
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Bearish Belt Hold – – –