BCH/USDT – 1H – BUYThe combination Bitcoin Cash/Tether (BCH/USDT) goes from the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance at 454.1 will persist.
Caution: A possible trend reversal in the direction of the support level at 445.7 should be noted.
Consider stop-loss settings accordingly.
And also a ‘MACD crosses above signal’ indicator layout is existing. The indicator is ‘MACD crosses above signal’. this is usually a bullish chart signal. The currency pair is likely to rise.
And also a ‘Bullish Engulfing’ candle pattern is discovered. The candles form ‘Bullish Engulfing’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 476.8 |
| 2nd High | 467.8 |
| Next High | 454.1 |
| Current Price | 449.900000000 |
| Next Low | 445.7 |
| 2nd Low | 442.2 |
| 3rd Low | 432.2 |
454.1 – 467.8 – 476.8 – 445.7 – 446.6 – 442.2 —
451.000000000 – 449.300000000 —
42.900303733538 – 48.64636787969 —
– —
454.1 – 1772913600
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Bullish Engulfing – – –