BCH/USDT – 30M – SELLThere is also a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The pair is likely to go down.
The pair Bitcoin Cash/Tether (BCH/USDT) moves from the bullish trendline down.
A bearish descent downwards to the next support level at 214.7 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 223 could occur.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Matching Low’ candlestick pattern is found. The chart shows ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 227.9 |
| 2nd High | 223.9 |
| Next High | 223 |
| Current Price | 219.800000000 |
| Next Low | 214.7 |
| 2nd Low | 213.1 |
| 3rd Low | 208.3 |
223 – 218.6 – 218.9 – 214.7 – 213.1 – 208.3 —
223.000000000 – 221.400000000 —
65.544952086659 – 61.322442446428 —
– —
223 – 1783013400
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –