BCH/USDT – 30M – BUY

The currency pair Bitcoin Cash/Tether (BCH/USDT) breaks through the descending trendline upwards

An ascent upwards to the next resistance line at 202.5 will persist.

Caution: A possible reversal of the 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.

And also a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Current target is 203 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 202.5 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Bullish Belt Hold’ candle pattern is detected. The chart forms ‘Bullish Belt Hold’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

202.5 – 206.1 – 211 – 191.7 – 193.3 – 201 —
194.800000000 – 197.200000000 —
41.011981485701 – 50.367557123939 —
– —
202.5 – 1781105400

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Bullish Belt Hold – – –