BCH/USDT – 4H – BUYThe pair Bitcoin Cash/Tether (BCH/USDT) breaks through the descending trendline up.
An ascending movement upwards to the next resistance at 478 is considered certain.
Caution: A possible change in the direction of the support level at 446.500000000 should always be considered.
Consider stop-loss settings accordingly.
Then a ‘Bullish Belt Hold’ candlestick pattern is detected. The chart forms ‘Bullish Belt Hold’. which 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 chance of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 586.2 |
| 2nd High | 520.3 |
| Next High | 478 |
| Current Price | 464.600000000 |
| Next Low | 446.500000000 |
| 2nd Low | 440.4 |
| 3rd Low | 432.2 |
478 – 475.6 – 456.9 – 446.500000000 – 440.4 – 442.2 —
462.400000000 – 458.300000000 —
31.808133234486 – 43.915889469276 —
446.500000000 – 1773835200 —
478 – 1773748800
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Bullish Belt Hold – – –