BCH/USDT – 30M – BUYThe combination Bitcoin Cash/Tether (BCH/USDT) breaks through the descending trendline up.
An ascending movement up to the next resistance at 453.1 is certain.
Caution: A possible counter-trend in the direction of support at 442.2 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Bullish Engulfing’ chart pattern is found. The chart shows ‘Bullish Engulfing’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 467.8 |
| 2nd High | 464.3 |
| Next High | 453.1 |
| Current Price | 449.100000000 |
| Next Low | 442.2 |
| 2nd Low | 439 |
| 3rd Low | 432.2 |
453.1 – 464.3 – 467.8 – 442.2 – 454.3 – 456.4 —
451.400000000 – 450.600000000 —
49.92214872709 – 44.817045680192 —
– —
453.1 – 1772823600
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Bullish Engulfing – – –