BCH/USDT – 30M – SELLAlso there is a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The pair is likely to go down.
The combination Bitcoin Cash/Tether (BCH/USDT) goes from the ascending trendline down.
A bearish descent down to the next support level at 214.7 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 223 could occur.
Consider stop-loss settings accordingly.
Also there is a ‘Matching Low’ chart pattern is detected. The chart forms ‘Matching Low’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance 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 – –