BCH/USDT – 30M – BUYThe currency pair Bitcoin Cash/Tether (BCH/USDT) jumps from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance line at 536 will persist.
Caution: A possible change in the direction of the support line at 511.2 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Three White Soldiers’ candlestick pattern is detected. The candles show ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 542.8 |
| 2nd High | 540.8 |
| Next High | 536 |
| Current Price | 529.300000000 |
| Next Low | 511.2 |
| 2nd Low | 423 |
| 3rd Low |
536 – 540.8 – 540.5 – 511.2 – 521.8 – 523.2 —
518.200000000 – 527.700000000 —
40.184929135437 – 57.546103701917 —
– —
536 – 1770591600
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three White Soldiers – – –