BCH/USDT – 1H – BUY

The combination Bitcoin Cash/Tether (BCH/USDT) breaks through the ascending trendline up.

A continuation of the bullish trend upwards to the next resistance line at 209.8 is expected.

Caution: A possible counter-trend in the direction of the support line at 198.5 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The currency pair could go up.

Then a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart signal. The currency pair could go up.

Then a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bullish chart signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 208.9664 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance zone at 209.8 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Three White Soldiers’ candlestick pattern is detected. The chart forms ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.

209.8 – 202.7 – 202.5 – 198.5 – 191.7 – 193.3 —
206.300000000 – 203.000000000 —
59.063390953761 – 49.299678116414 —
– —
209.8 – 1781215200

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three White Soldiers – – –