BCH/USDT – 30M – BUYThe currency pair Bitcoin Cash/Tether (BCH/USDT) moves from the ascending trendline up.
A continuation of the upward movement up to the next resistance at 489.3 is expected.
Caution: A possible trend reversal in the direction of the support line at 447 is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘Bearish SBS White Lines’ candlestick pattern is detected. The chart shows ‘Bearish SBS White Lines’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 505.8 |
| 2nd High | 491.1 |
| Next High | 489.3 |
| Current Price | 451.100000000 |
| Next Low | 447 |
| 2nd Low | 443 |
| 3rd Low | 437 |
489.3 – 464.5 – 461.7 – 447 – 462.6 – 453.7 —
450.700000000 – 451.800000000 —
39.496928702864 – 41.631266681694 —
– —
489.3 – 1778041800
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Bearish SBS White Lines – – –