BCH/USDT – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 562.45 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 586.2 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Bearish Harami’ candlestick chart pattern is existing. The candles show ‘Bearish Harami’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 586.2 |
| Current Price | 571.300000000 |
| Next Low | 559 |
| 2nd Low | 540.8 |
| 3rd Low | 538.7 |
586.2 – 577 – 570.7 – 559 – 540.8 – 538.7 —
581.100000000 – 571.500000000 —
60.672651602054 – 50.388433363852 —
– —
586.2 – 1771743600
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Bearish Harami – – –