The pair Bitcoin Cash/Tether (BCH/USDT) goes from the bullish trendline down.
The bearish trend down to the next support line at 470.8 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 520.3 could happen.
In the case of a trade, always set appropriate stop-loss settings.
And also a ” indicator layout is discovered. The indicator shows ”. which is often a bullish signal. The pair is likely to go up.
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And also a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish signal. The pair is likely to go up.
And also a ‘Bearish Belt Hold’ candle pattern is found. The candles show ‘Bearish Belt Hold’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 603.9 |
| 2nd High | 586.2 |
| Next High | 520.3 |
| Current Price | 446.200000000 |
| Next Low | 470.8 |
| 2nd Low | 423 |
| 3rd Low |
520.3 – 586.2 – 581.5 – 470.8 – 538.7 – 549.5 —
490.100000000 – 465.000000000 —
37.140696941808 – 30.450765215985 —
– —
520.3 – 1772020800
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Bearish Belt Hold – – –