BCH/USDT – 1H – SELLThe combination Bitcoin Cash/Tether (BCH/USDT) moves from the bearish trendline downwards
A continuation of the downward movement downwards to the next support line at 231.3 is expected.
Caution: A possible change in the direction of resistance at 238.3 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Last Engulfing Bottom:’ chart pattern is detected. The candles form ‘Last Engulfing Bottom:’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 247.9 |
| 2nd High | 242.3 |
| Next High | 238.3 |
| Current Price | 227.700000000 |
| Next Low | 231.3 |
| 2nd Low | 231.2 |
| 3rd Low | 228.9 |
238.3 – 242.3 – 240 – 231.3 – 231.2 – 234.9 —
236.200000000 – 230.800000000 —
44.831073777988 – 31.637486547523 —
– —
238.3 – 1784095200
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Last Engulfing Bottom: – – –