BCH/USDT – 1H – BUY

The combination Bitcoin Cash/Tether (BCH/USDT) breaks through the bearish trendline upwards

An ascending movement up to the next resistance level at 448.8 is considered certain.

Caution: A possible counter-trend in the direction of the support line at 442.4 could occur.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Current target is 449.25 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 448.8 could occur.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three Outside Up’ chart pattern is detected. The chart shows ‘Three Outside Up’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

448.8 – 458.2 – 455.6 – 442.4 – 444.4 – 440.3 —
444.500000000 – 444.800000000 —
35.638743030964 – 39.397636708893 —
– —
448.8 – 1777755600

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three Outside Up – – –