BCH/USDT – 1H – BUY

The combination Bitcoin Cash/Tether (BCH/USDT) breaks through the bearish trendline upwards

A bullish trend upwards to the next resistance level at 452.8 is expected.

Caution: A possible change in the direction of the support level at could occur.
Consider stop-loss settings accordingly.

Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart scenario. The currency pair could go up.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 453.369 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of resistance at 452.8 could occur.
Consider stop-loss settings accordingly.

Also there is a ‘Three Outside Up’ chart pattern is found. The chart forms ‘Three Outside Up’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

452.8 – 454.3 – 456.9 – 442.6 – 440.4 – 445.7 —
451.500000000 – 449.900000000 —
57.358316160053 – 49.239576114809 —
– —
452.8 – 1773158400

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three Outside Up – – –