BCH/USDT – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is expected. Target of the current trend is 450.7674 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support line at 452.6 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Bearish Harami’ chart pattern is found. The candles show ‘Bearish Harami’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 464.3 |
| 2nd High | 453.1 |
| Next High | 452.6 |
| Current Price | 451.300000000 |
| Next Low | 446.6 |
| 2nd Low | 442.2 |
| 3rd Low | 439 |
452.6 – 452.4 – 452.2 – 446.6 – 442.2 – 454.3 —
451.300000000 – 448.000000000 —
53.635091210502 – 41.904499601223 —
– —
452.6 – 1772895600
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Bearish Harami – – –