BCH/USDT – 30M – SELLThe pair Bitcoin Cash/Tether (BCH/USDT) moves from the bearish trendline down.
A continuation of the downward movement down to the next support line at 511.8 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 532.2 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 517.5344 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 532.2 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 540.8 |
| 2nd High | 538 |
| Next High | 532.2 |
| Current Price | 524.800000000 |
| Next Low | 511.8 |
| 2nd Low | 511.2 |
| 3rd Low | 423 |
532.2 – 538 – 536 – 511.8 – 518.2 – 511.2 —
521.800000000 – 526.600000000 —
43.823166081099 – 60.812429946838 —
– —
532.2 – 1770723000