BCH/USDT – 4H – BUYThe combination Bitcoin Cash/Tether (BCH/USDT) breaks through the descending trendline upwards
An ascent up to the next resistance line at 520.3 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 423 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘MACD crosses above signal’ indicator signal is discovered. The indicator shows ‘MACD crosses above signal’. this is usually a bullish chart scenario. The pair is likely to go up.
Furthermore a ‘Three White Soldiers’ chart pattern is existing. The candles show ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 603.9 |
| 2nd High | 586.2 |
| Next High | 520.3 |
| Current Price | 461.500000000 |
| Next Low | 423 |
| 2nd Low | |
| 3rd Low |
520.3 – 586.2 – 581.5 – 470.8 – 538.7 – 549.5 —
475.500000000 – 452.200000000 —
31.912514206108 – 29.201404294158 —
– —
520.3 – 1772020800
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three White Soldiers – – –