BCH/USDT – 1H – SELLThe currency pair Bitcoin Cash/Tether (BCH/USDT) moves from the bearish trendline downwards
A continuation of the downward movement downwards to the next support at 540.8 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 564.5 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Tweezers Top’ candlestick pattern is existing. The candles show ‘Tweezers Top’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 570.8 |
| 2nd High | 564.9 |
| Next High | 564.5 |
| Current Price | 560.000000000 |
| Next Low | 540.8 |
| 2nd Low | 538.7 |
| 3rd Low | 493.8 |
564.5 – 564.9 – 570.8 – 540.8 – 538.7 – 550.6 —
561.300000000 – 560.900000000 —
51.282286089357 – 53.563007267725 —
– —
564.5 – 1771567200
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Tweezers Top – – –