BCH/USDT – 1H – BUY

The currency pair Bitcoin Cash/Tether (BCH/USDT) breaks through the descending trendline upwards

An ascending movement up to the next resistance line at 564.5 is likely expected.

Caution: A possible change in the direction of support at should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart signal. 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 likely expected. Target of the current trend is 571.3992 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance zone at 564.5 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Northern Doji’ candlestick chart pattern is discovered. The candles form ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

564.5 – 564.9 – 570.8 – 538.7 – 550.6 – 549.5 —
558.800000000 – 570.700000000 —
47.349811761036 – 56.517149591217 —
– —
564.5 – 1771567200

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Northern Doji – – –