BCH/USDT – 30M – BUYThe combination Bitcoin Cash/Tether (BCH/USDT) breaks through the descending trendline upwards
An ascending movement upwards to the next resistance level at 570.6 will persist.
Caution: A possible counter-trend in the direction of support at 493.8 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Inverted Hammer’ candlestick pattern is found. The candles form ‘Inverted Hammer’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Inverted Hammer’ heading up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 573.5 |
| Next High | 570.6 |
| Current Price | 571.100000000 |
| Next Low | 493.8 |
| 2nd Low | 423 |
| 3rd Low |
570.6 – 573.5 – 570 – 493.8 – 504.5 – 507.6 —
559.600000000 – 565.000000000 —
48.344562066624 – 58.809782449097 —
– —
570.6 – 1771246800
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Inverted Hammer – – –