BCH/USDT – 30M – BUYThe currency pair Bitcoin Cash/Tether (BCH/USDT) breaks through the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance level at 223.9 is certain.
Caution: A possible trend reversal in the direction of the support level at 214.7 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Bullish Engulfing’ candle pattern is found. The chart forms ‘Bullish Engulfing’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 228.4 |
| 2nd High | 227.9 |
| Next High | 223.9 |
| Current Price | 221.100000000 |
| Next Low | 214.7 |
| 2nd Low | 213.1 |
| 3rd Low | 208.3 |
218.6 – 218.9 – 218.7 – 214.7 – 213.1 – 208.3 —
220.400000000 – 221.800000000 —
62.97915793436 – 57.281824249558 —
– —
218.6 – 1782963000
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Bullish Engulfing – – –