BCH/USDT – 1H – BUY

The currency pair Bitcoin Cash/Tether (BCH/USDT) breaks through the descending trendline upwards

The bullish trend upwards to the next resistance line at 456.9 is certain.

Caution: A possible trend reversal in the direction of the support level at 440.4 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The pair is likely to go up.

Moreover a ‘MACD crosses above signal’ indicator signal is discovered. The indicator is ‘MACD crosses above signal’. which is often a bullish chart signal. The pair is likely to go up.

Moreover a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bullish chart signal. The currency pair is likely to rise.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 453.369 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of resistance at 456.9 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three White Soldiers’ candlestick chart pattern is discovered. The candles form ‘Three White Soldiers’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.

456.9 – 454.4 – 455.4 – 440.4 – 445.7 – 446.6 —
447.600000000 – 446.500000000 —
43.827024879115 – 45.89428826533 —
– —
456.9 – 1773061200

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three White Soldiers – – –