BCH/USDT – 4H – BUY

And also a ‘Double bottom chart pattern’ chart pattern is existing. The chart forms ‘Double bottom chart pattern’. which is a positive pattern signal. The currency pair is likely to go up.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 561.2076 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance line at 542.8 could be enabled.
Consider stop-loss settings accordingly.

And also a ‘Three Outside Up’ candlestick chart pattern is found. The candles form ‘Three Outside Up’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

542.8 – 542.6 – 544.1 – 511.2 – 423 – 467.2 —
521.000000000 – 514.800000000 —
47.000760685827 – 47.785192836234 —
– —
542.8 – 1770408000

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three Outside Up – Double bottom chart pattern – –