BCH/USDT – 30M – SELLFurthermore a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.
The currency pair Bitcoin Cash/Tether (BCH/USDT) moves from the bullish trendline down.
A descending movement down to the next support at 344.1 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 355.2 should always be considered.
Consider stop-loss settings accordingly.
Furthermore a ‘Three Black Crows’ chart pattern is discovered. The candles form ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 382.3 |
| 2nd High | 359.8 |
| Next High | 355.2 |
| Current Price | 344.500000000 |
| Next Low | 344.1 |
| 2nd Low | 333.5 |
| 3rd Low |
355.2 – 352.5 – 359.8 – 344.1 – 347.8 – 333.5 —
354.600000000 – 349.700000000 —
62.646988156784 – 42.61435874852 —
– —
355.2 – 1779791400
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –