BCH/USDT – 1H – SELLAdditionally a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is expected. Target of the current trend is 453.1968 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support zone at 461.1 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Three Black Crows’ candle chart pattern is existing. The candles form ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 474 |
| 2nd High | 461.7 |
| Next High | 461.1 |
| Current Price | 455.600000000 |
| Next Low | 437 |
| 2nd Low | 433.9 |
| 3rd Low | 427.5 |
450.8 – 447.5 – 448.8 – 437 – 441 – 442.4 —
445.800000000 – 461.300000000 —
53.505041493309 – 73.495315296581 —
– —
450.8 – 1777867200
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three Black Crows – – –