BCH/USDT – 30M – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.
The pair Bitcoin Cash/Tether (BCH/USDT) moves from the ascending trendline down.
A bearish descent down to the next support at 214.7 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 223 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Matching Low’ candle chart 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’ heading 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 – –