BCH/USDT – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 448.15 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 454.1 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Bearish Harami’ candlestick pattern is existing. The candles form ‘Bearish Harami’. which is a negative 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 | 467.8 |
| 2nd High | 464.3 |
| Next High | 454.1 |
| Current Price | 450.800000000 |
| Next Low | 445.7 |
| 2nd Low | 442.2 |
| 3rd Low | 439 |
454.1 – 452.6 – 452.4 – 445.7 – 445.7 – 446.6 —
449.300000000 – 450.500000000 —
50.361262019841 – 54.256653292681 —
– —
454.1 – 1772915400
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Bearish Harami – – –