BCH/USDT – 30M – SELLNext a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to fall.
The currency pair Bitcoin Cash/Tether (BCH/USDT) jumps from the ascending trendline down.
A bearish movement downwards to the next support level at 214.7 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 223 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Matching Low’ candlestick chart pattern is discovered. The candles show ‘Matching Low’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood 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 – –