BCH/USDT – 4H – BUYNext a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart signal. The currency pair is likely to rise.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 432.362 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support line at 458.2 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Bearish Engulfing’ candlestick chart pattern is detected. The chart shows ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 477.9 |
| 2nd High | 474 |
| Next High | 458.2 |
| Current Price | 445.100000000 |
| Next Low | 440.3 |
| 2nd Low | 433.9 |
| 3rd Low | 419.5 |
458.2 – 458.2 – 474 – 440.3 – 433.9 – 419.5 —
451.200000000 – 446.100000000 —
51.21245953727 – 45.870032375309 —
– —
458.2 – 1777636800
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Bearish Engulfing – – –