The pair Bitcoin Cash/Tether (BCH/USDT) breaks through the bearish trendline up.
The bullish trend up to the next resistance at 224.6 is expected.
Caution: A possible trend reversal in the direction of the support zone at 220.7 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘StochRSI %K line crosses above %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart signal. The pair is likely to go up.
Then a ‘Bullish Engulfing’ candlestick chart pattern is existing. The chart forms ‘Bullish Engulfing’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 238.2 |
| 2nd High | 227.3 |
| Next High | 224.6 |
| Current Price | 223.300000000 |
| Next Low | 220.7 |
| 2nd Low | 219.4 |
| 3rd Low | 214.7 |
224.6 – 224.3 – 227.3 – 220.7 – 219.4 – 220.2 —
222.500000000 – 223.700000000 —
47.119727679017 – 52.529116332287 —
– —
224.6 – 1784250000
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Bullish Engulfing – – –