BCH/USDT – 4H – SELLThe pair Bitcoin Cash/Tether (BCH/USDT) jumps from the ascending trendline downwards
A descending movement down to the next support level at 192.8 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 231.1 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which is often a bearish signal. The pair is likely to go down.
Furthermore a ‘Matching Low’ candlestick chart pattern is found. The chart shows ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 383.5 |
| 2nd High | 355.2 |
| Next High | 231.1 |
| Current Price | 190.300000000 |
| Next Low | 192.8 |
| 2nd Low | 191.7 |
| 3rd Low |
231.1 – 209.8 – 355.2 – 192.8 – 196.7 – 191.7 —
198.900000000 – 198.400000000 —
38.157964443336 – 41.127928283273 —
– —
231.1 – 1781524800
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Matching Low – – –