BCH/USDT – 1H – SELLAdditionally a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 553.6932 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 570 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Last Engulfing Top’ candle pattern is detected. The candles show ‘Last Engulfing Top’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 570 |
| Current Price | 559.700000000 |
| Next Low | 493.8 |
| 2nd Low | 423 |
| 3rd Low |
570 – 518.2 – 524.4 – 493.8 – 504.5 – 507.6 —
566.200000000 – 563.200000000 —
71.20007828764 – 66.059167072121 —
– —
570 – 1771023600
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Last Engulfing Top – Rising Wedge Chart Pattern – –