BCH/USDT – 1H – BUYThe currency pair Bitcoin Cash/Tether (BCH/USDT) breaks through the descending trendline upwards
A bullish ascent up to the next resistance line at 218.2 will continue.
Caution: A possible change in the direction of the support line at 192.9 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bullish signal. The currency pair could go up.
Moreover a ‘Three White Soldiers’ chart pattern is found. The candles form ‘Three White Soldiers’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 231.1 |
| 2nd High | 223.9 |
| Next High | 218.2 |
| Current Price | 199.900000000 |
| Next Low | 192.9 |
| 2nd Low | 192.8 |
| 3rd Low | 191.7 |
199 – 218.2 – 223.9 – 192.9 – 192.8 – 212.5 —
198.100000000 – 200.600000000 —
48.603366615635 – 55.083666901903 —
– —
199 – 1781874000
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three White Soldiers – – –