BCH/USDT – 30M – BUYCorrection of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is expected. Target of the current trend is 231.1 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of resistance at 231.1 could occur.
Consider stop-loss settings accordingly.
Next a ‘Three Outside Up’ chart pattern is existing. The chart forms ‘Three Outside Up’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 252.1 |
| 2nd High | 234.6 |
| Next High | 231.1 |
| Current Price | 226.900000000 |
| Next Low | 196.7 |
| 2nd Low | 191.7 |
| 3rd Low |
231.1 – 204.8 – 209.7 – 196.7 – 205.9 – 200.9 —
227.500000000 – 223.900000000 —
66.032857530607 – 49.267771483188 —
– —
231.1 – 1781533800
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three Outside Up – – –