BCH/USDT – 1H – BUY

The combination Bitcoin Cash/Tether (BCH/USDT) breaks through the bearish trendline up.

A bullish trend up to the next resistance at 564.9 will continue.

Caution: A possible trend reversal in the direction of the support level at 538.7 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Outside Up’ candle pattern is existing. The candles form ‘Three Outside Up’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

564.9 – 570.8 – 581.5 – 538.7 – 550.6 – 549.5 —
549.900000000 – 563.300000000 —
43.695428275754 – 55.887946342879 —
– —
564.9 – 1771484400

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three Outside Up – – –