BCH/USDT – 1H – BUYThe pair Bitcoin Cash/Tether (BCH/USDT) jumps from the ascending trendline up.
A continuation of the uptrend up to the next resistance line at 209.1 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 201.6 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair is likely to fall.
Furthermore a ‘Inverted Hammer’ chart pattern is discovered. The candles form ‘Inverted Hammer’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Inverted Hammer’ going up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 214.3 |
| 2nd High | 209.8 |
| Next High | 209.1 |
| Current Price | 207.400000000 |
| Next Low | 201.6 |
| 2nd Low | 198.5 |
| 3rd Low | 191.7 |
209.1 – 209.8 – 202.7 – 201.6 – 198.5 – 191.7 —
204.200000000 – 207.700000000 —
51.231341778969 – 57.928466978355 —
– —
209.1 – 1781276400
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Inverted Hammer – Rising Wedge Chart Pattern – –