BCH/USDT – 30M – BUYThe currency pair Bitcoin Cash/Tether (BCH/USDT) breaks through the bearish trendline upwards
The bullish trend upwards to the next resistance level at 202.5 is likely expected.
Caution: A possible counter-trend in the direction of the support zone at 191.7 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Northern Doji’ candle chart pattern is found. The candles form ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 211 |
| 2nd High | 206.1 |
| Next High | 202.5 |
| Current Price | 200.400000000 |
| Next Low | 191.7 |
| 2nd Low | |
| 3rd Low |
202.5 – 206.1 – 211 – 191.7 – 193.3 – 201 —
198.900000000 – 200.900000000 —
56.033161843091 – 57.410033202231 —
– —
202.5 – 1781105400
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Northern Doji – – –