BCH/USDT – 30M – BUY

The combination Bitcoin Cash/Tether (BCH/USDT) jumps from the descending trendline up.

An ascending movement up to the next resistance line at 564.9 will persist.

Caution: A possible counter-trend in the direction of the support level at 493.8 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘MACD crosses above signal’ indicator signal is found. The indicator is ‘MACD crosses above signal’. which is often a bullish signal. The pair is likely to go up.

In addition a ‘Three Outside Up’ candle pattern is found. The chart shows ‘Three Outside Up’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

564.9 – 565 – 570.2 – 550.6 – 551.2 – 556.2 —
551.100000000 – 549.900000000 —
33.187528320718 – 41.128328355089 —
– —
564.9 – 1771486200

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three Outside Up – Double top chart pattern – –