BCH/USDT – 4H – BUY

Additionally a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.

Correction 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 446.75 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 474 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Outside Down’ candlestick chart pattern is discovered. The chart forms ‘Three Outside Down’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

458.2 – 458.2 – 474 – 437 – 440.3 – 433.9 —
456.400000000 – 467.100000000 —
60.243584572559 – 62.229173108222 —
– —
458.2 – 1777636800

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three Outside Down – – –