BCH/USDT – 4H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 435.9728 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 489.3 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Bearish Harami’ candlestick chart pattern is detected. The chart shows ‘Bearish Harami’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 586.2 |
| 2nd High | 520.3 |
| Next High | 489.3 |
| Current Price | 451.300000000 |
| Next Low | 437 |
| 2nd Low | 433.9 |
| 3rd Low | 419.5 |
489.3 – 458.2 – 458.2 – 437 – 440.3 – 433.9 —
467.100000000 – 452.800000000 —
62.229172602493 – 43.646085701183 —
– —
489.3 – 1778040000
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Bearish Harami – – –