BCH/USDT – 30M – BUYThe currency pair Bitcoin Cash/Tether (BCH/USDT) breaks through the ascending trendline up.
A continuation of the uptrend up to the next resistance line at 245 will persist.
Caution: A possible reversal of the trend in the direction of the support level at 236.8 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Bullish Engulfing’ chart pattern is discovered. The chart shows ‘Bullish Engulfing’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 252.1 |
| 2nd High | 251.1 |
| Next High | 245 |
| Current Price | 250.400000000 |
| Next Low | 236.8 |
| 2nd Low | 235.2 |
| 3rd Low | 231.4 |
241 – 240.7 – 237 – 236.8 – 235.2 – 231.4 —
246.300000000 – 250.200000000 —
68.069533124187 – 75.46777841391 —
– —
241 – 1783620000
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Bullish Engulfing – – –