The pair Bitcoin Cash/Tether (BCH/USDT) jumps from the bullish trendline downwards
A bearish movement downwards to the next support level at 453.7 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 464.5 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Matching Low’ candlestick chart pattern is detected. The candles form ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 477.9 |
| 2nd High | 474 |
| Next High | 464.5 |
| Current Price | 474.400000000 |
| Next Low | 453.7 |
| 2nd Low | 443 |
| 3rd Low | 437 |
464.5 – 461.7 – 445.4 – 453.7 – 443 – 437 —
462.400000000 – 478.200000000 —
61.373582791451 – 64.901521534646 —
– —
464.5 – 1778022000
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Matching Low – – –