BCH/USDT – 30M – BUYThe currency pair Bitcoin Cash/Tether (BCH/USDT) breaks through the bearish trendline up.
A bullish ascent upwards to the next resistance level at 452.7 will continue.
Caution: A possible trend reversal in the direction of the support level at 439.6 is within the realm of possibility.
Consider stop-loss settings accordingly.
Besides a ‘Three Outside Up’ candlestick pattern is found. The candles show ‘Three Outside Up’. 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 likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 505.8 |
| 2nd High | 491.1 |
| Next High | 452.7 |
| Current Price | 454.200000000 |
| Next Low | 439.6 |
| 2nd Low | 423 |
| 3rd Low |
452.7 – 491.1 – 505.8 – 439.6 – 455.1 – 475.4 —
447.400000000 – 448.200000000 —
41.726474300928 – 42.890460521055 —
– —
452.7 – 1772285400
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three Outside Up – – –