BCH/USDT – 30M – SELL

There is also a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.

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

The bearish trend downwards to the next support at 214.7 is expected.

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

There is also a ‘Matching Low’ candle pattern is existing. The chart forms ‘Matching Low’. which is a bullish pattern 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).

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 – –