BCH/USDT – 30M – BUYThe pair Bitcoin Cash/Tether (BCH/USDT) breaks through the bearish trendline up.
A bullish trend up to the next resistance line at 383.800000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 348.3 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Inverted Hammer’ candlestick chart pattern is found. The candles form ‘Inverted Hammer’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Inverted Hammer’ going up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 416.8 |
| 2nd High | 414.5 |
| Next High | 383.800000000 |
| Current Price | 379.300000000 |
| Next Low | 348.3 |
| 2nd Low | |
| 3rd Low |
383.800000000 – 380.4 – 414.5 – 348.3 – 408.1 – 413.1 —
383.800000000 – 378.800000000 —
59.359027382993 – 53.064883239648 —
383.800000000 – 1779143400 —
– 1779143400
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Inverted Hammer – – –