BCH/USDT – 30M – SELL

There is also a ‘Rising Wedge Chart Pattern’ chart layout is detected. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to fall.

The pair Bitcoin Cash/Tether (BCH/USDT) moves from the ascending trendline downwards

A descending movement down to the next support at 214.7 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 223 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Matching Low’ candlestick chart pattern is discovered. The candles form ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

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 – –