BCH/USDT – 1H – BUYCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 557.85 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 577 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Two Crows’ candle pattern is detected. The candles form ‘Two Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 581.5 |
| Next High | 577 |
| Current Price | 567.900000000 |
| Next Low | 540.8 |
| 2nd Low | 538.7 |
| 3rd Low | 493.8 |
577 – 570.7 – 564.5 – 540.8 – 538.7 – 550.6 —
565.300000000 – 570.400000000 —
48.224063740536 – 58.170848435199 —
– —
577 – 1771682400
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Two Crows – – –