BCH/USDT – 30M – BUYThe combination Bitcoin Cash/Tether (BCH/USDT) breaks through the bullish trendline upwards
A continuation of the upward movement up to the next resistance level at 214.3 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 196.7 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Bullish Engulfing’ candlestick chart pattern is existing. The candles show ‘Bullish Engulfing’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 252.1 |
| 2nd High | 234.6 |
| Next High | 214.3 |
| Current Price | 212.400000000 |
| Next Low | 196.7 |
| 2nd Low | 191.7 |
| 3rd Low |
204.8 – 209.7 – 209.7 – 196.7 – 205.9 – 200.9 —
211.300000000 – 212.300000000 —
65.352875344348 – 65.818720929605 —
– —
204.8 – 1781438400
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Bullish Engulfing – – –