The pair Bitcoin Cash/Tether (BCH/USDT) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance at 221.6 will continue.
Caution: A possible counter-trend in the direction of the support line at 218.4 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair is likely to fall.
Furthermore a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a positive chart signal. The currency pair could go up.
Furthermore a ‘Bearish SBS White Lines’ candle chart pattern is existing. The candles form ‘Bearish SBS White Lines’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 227.3 |
| 2nd High | 224.6 |
| Next High | 221.6 |
| Current Price | 218.900000000 |
| Next Low | 218.4 |
| 2nd Low | 213.8 |
| 3rd Low | 213.1 |
221.6 – 224.6 – 224.3 – 218.4 – 213.8 – 221.1 —
219.200000000 – 219.400000000 —
45.660866330834 – 44.119739168898 —
– —
221.6 – 1784322000
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Bearish SBS White Lines – – –