BCH/USDT – 30M – SELLAdditionally a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The pair is likely to go down.
The combination Bitcoin Cash/Tether (BCH/USDT) goes from the bullish trendline downwards
A descent downwards to the next support level at 214.7 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 223 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Matching Low’ candle chart pattern is found. The candles show ‘Matching Low’. 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 chance 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 – –