BCH/USDT – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is likely expected. Current target is 210.7652 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance level at 215.4 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Concealing Baby Swallow’ candlestick pattern is discovered. The chart shows ‘Concealing Baby Swallow’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Concealing Baby Swallow’ heading down is 75% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 223.9 |
| 2nd High | 218.2 |
| Next High | 215.4 |
| Current Price | 207.300000000 |
| Next Low | 206.1 |
| 2nd Low | 196.7 |
| 3rd Low | 191.7 |
215.4 – 218.2 – 223.9 – 206.1 – 208.5 – 210.2 —
209.900000000 – 208.400000000 —
43.845764274369 – 36.371516420887 —
– —
215.4 – 1781748000
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Concealing Baby Swallow – – –