BCH/USDT – 30M – SELL

There is also a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.

The combination Bitcoin Cash/Tether (BCH/USDT) moves from the ascending trendline down.

A descent downwards to the next support line at 214.7 will persist.

Caution: A possible change in the direction of the resistance zone at 223 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Matching Low’ candlestick pattern is existing. The candles form ‘Matching Low’. this 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 success rate of a ‘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 – –