BCH/USDT – 30M – BUYThe combination Bitcoin Cash/Tether (BCH/USDT) breaks through the descending trendline up.
A bullish movement upwards to the next resistance at 209.8 is considered certain.
Caution: A possible reversal of the trend in the direction of the support zone at 196.7 is also possible.
Consider stop-loss settings accordingly.
Moreover a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 209.7 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 209.8 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 214.3 |
| 2nd High | 211 |
| Next High | 209.8 |
| Current Price | 211.400000000 |
| Next Low | 196.7 |
| 2nd Low | 191.7 |
| 3rd Low |
204.8 – 209.7 – 209.7 – 196.7 – 205.9 – 200.9 —
209.100000000 – 211.300000000 —
69.650880073218 – 65.097247976073 —
– —
204.8 – 1781438400