BCH/USDT – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 537.65 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 564.9 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Bearish Harami’ candle chart pattern is detected. The candles show ‘Bearish Harami’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 581.5 |
| 2nd High | 570.8 |
| Next High | 564.9 |
| Current Price | 559.400000000 |
| Next Low | 550.6 |
| 2nd Low | 549.5 |
| 3rd Low | 493.8 |
564.9 – 570.8 – 581.5 – 550.6 – 549.5 – 551.5 —
550.600000000 – 558.100000000 —
38.035170847599 – 48.281367269458 —
– —
564.9 – 1771484400
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Bearish Harami – – –