BCH/USDT – 1H – BUYThe combination Bitcoin Cash/Tether (BCH/USDT) moves from the ascending trendline up.
A continuation of the upward movement upwards to the next resistance line at 570.000000000 is likely expected.
Caution: A possible counter-trend in the direction of support at 493.8 should always be considered.
Consider stop-loss settings accordingly.
Also there is a ‘Bullish Belt Hold’ candlestick pattern is existing. The candles form ‘Bullish Belt Hold’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 570.000000000 |
| Current Price | 562.900000000 |
| Next Low | 493.8 |
| 2nd Low | 423 |
| 3rd Low |
570.000000000 – 518.2 – 524.4 – 493.8 – 504.5 – 507.6 —
570.000000000 – 558.100000000 —
71.720191047558 – 62.893088016079 —
570.000000000 – 1771023600 —
– 1771023600
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Bullish Belt Hold – – –