BCH/USDT – 1H – SELLThe combination Bitcoin Cash/Tether (BCH/USDT) moves from the bullish trendline downwards
The bearish trend downwards to the next support line at 437 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 489.3 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Matching Low’ candle chart pattern is discovered. The chart shows ‘Matching Low’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 520.3 |
| 2nd High | 491.1 |
| Next High | 489.3 |
| Current Price | 465.500000000 |
| Next Low | 437 |
| 2nd Low | 433.9 |
| 3rd Low | 427.5 |
489.3 – 461.7 – 450.8 – 437 – 441 – 442.4 —
473.100000000 – 470.700000000 —
61.594134797602 – 53.951794339452 —
– —
489.3 – 1778040000
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Matching Low – – –