BCH/USDT – 30M – SELLThe pair Bitcoin Cash/Tether (BCH/USDT) moves from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 243.3 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 247.9 should always be considered.
Consider stop-loss settings accordingly.
Then a ‘Tweezers Top’ candlestick chart pattern is discovered. The chart shows ‘Tweezers Top’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 255.1 |
| 2nd High | 250.3 |
| Next High | 247.9 |
| Current Price | 246.100000000 |
| Next Low | 243.3 |
| 2nd Low | 236.8 |
| 3rd Low | 235.2 |
247.9 – 250.3 – 255.1 – 243.3 – 244.1 – 243.5 —
245.700000000 – 246.700000000 —
50.120091222431 – 59.194530727579 —
– —
247.9 – 1783855800
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Tweezers Top – – –