BCH/USDT – 1H – BUYCorrection of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 449.6044 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance zone at 455.4 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Inverted Hammer’ candle pattern is discovered. The chart forms ‘Inverted Hammer’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Inverted Hammer’ heading up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 476.8 |
| 2nd High | 467.8 |
| Next High | 455.4 |
| Current Price | 444.700000000 |
| Next Low | 442.2 |
| 2nd Low | 432.2 |
| 3rd Low | 423 |
455.4 – 454.1 – 467.8 – 445.7 – 446.6 – 442.2 —
448.900000000 – 447.900000000 —
43.956518401749 – 43.690139045832 —
– —
455.4 – 1772964000
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Inverted Hammer – – –