BCH/USDT – 30M – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.
The combination Bitcoin Cash/Tether (BCH/USDT) moves from the ascending trendline downwards
A descent downwards to the next support at will persist.
Caution: A possible change in the direction of the resistance zone at 209.1 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair is likely to fall.
In addition a ‘Bearish Belt Hold’ chart pattern is found. The candles show ‘Bearish Belt Hold’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 211 |
| 2nd High | 209.8 |
| Next High | 209.1 |
| Current Price | 202.500000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
209.1 – 206.9 – 209.8 – 202 – 201.6 – 198.5 —
205.000000000 – 205.400000000 —
46.194849306481 – 46.913244387581 —
– —
209.1 – 1781276400
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Bearish Belt Hold – Rising Wedge Chart Pattern – –