The currency pair Bitcoin Cash/Tether (BCH/USDT) breaks through the descending trendline upwards
A bullish ascent up to the next resistance line at 446.4 will continue.
Caution: A possible trend reversal in the direction of the support zone at 443 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish signal. The currency pair could go up.
And also a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The currency pair could go up.
And also a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bullish chart signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 447.5432 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance line at 446.4 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Northern Doji’ candle pattern is discovered. The chart forms ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 453.2 |
| 2nd High | 450.8 |
| Next High | 446.4 |
| Current Price | 445.300000000 |
| Next Low | 443 |
| 2nd Low | 437 |
| 3rd Low | 433.9 |
445.4 – 446.4 – 450.8 – 443 – 437 – 441 —
444.500000000 – 444.800000000 —
48.485655269323 – 48.375204833543 —
– —
445.4 – 1777928400
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Northern Doji – – –