The pair Bitcoin Cash/Tether (BCH/USDT) moves from the ascending trendline upwards
A continuation of the bullish trend up to the next resistance level at 209.1 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 201 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The pair is likely to go up.
There is also a ‘Bullish Separating Lines’ candle pattern is found. The candles show ‘Bullish Separating Lines’. 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 ‘Bullish Separating Lines’ going up is 72% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 211 |
| 2nd High | 209.8 |
| Next High | 209.1 |
| Current Price | 203.800000000 |
| Next Low | 201 |
| 2nd Low | 198.5 |
| 3rd Low | 191.7 |
209.1 – 206.9 – 209.8 – 201 – 202 – 201.6 —
202.700000000 – 203.200000000 —
40.811430904774 – 47.5754396222 —
– —
209.1 – 1781276400
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Bullish Separating Lines – Rising Wedge Chart Pattern – –