Then a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.
The currency pair Bitcoin Cash/Tether (BCH/USDT) moves from the ascending trendline down.
A bearish movement downwards to the next support at 221.1 will persist.
Caution: A possible counter-trend in the direction of resistance at 224.6 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Three Outside Down’ candlestick pattern is existing. The candles show ‘Three Outside Down’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 238.2 |
| 2nd High | 227.3 |
| Next High | 224.6 |
| Current Price | 218.400000000 |
| Next Low | 221.1 |
| 2nd Low | 220.7 |
| 3rd Low | 219.4 |
224.6 – 224.3 – 227.3 – 221.1 – 220.7 – 219.4 —
223.300000000 – 223.300000000 —
52.461969327544 – 48.294514482334 —
– —
224.6 – 1784250000
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –