BCH/USDT – 1H – SELLAdditionally a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.
The combination Bitcoin Cash/Tether (BCH/USDT) jumps from the bullish trendline downwards
The bearish trend downwards to the next support line at 200.9 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 209.7 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.
Additionally a ‘Three Black Crows’ candlestick pattern is detected. The candles show ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 214.3 |
| 2nd High | 209.8 |
| Next High | 209.7 |
| Current Price | 201.100000000 |
| Next Low | 200.9 |
| 2nd Low | 198.5 |
| 3rd Low | 191.7 |
209.7 – 209.1 – 209.8 – 200.9 – 201.6 – 198.5 —
206.900000000 – 204.800000000 —
36.079931451996 – 37.732665082543 —
– —
209.7 – 1781359200
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –