The pair Bitcoin Cash/Tether (BCH/USDT) jumps from the descending trendline downwards
A continuation of the downtrend down to the next support level at 213.8 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 221.6 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a negative chart signal. The pair is likely to go down.
Moreover a ‘Tweezers Top’ candlestick chart pattern is detected. The chart forms ‘Tweezers Top’. which 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 | 227.3 |
| 2nd High | 224.6 |
| Next High | 221.6 |
| Current Price | 219.000000000 |
| Next Low | 213.8 |
| 2nd Low | 213.1 |
| 3rd Low | 208.3 |
221.6 – 224.6 – 224.3 – 213.8 – 221.1 – 220.7 —
220.000000000 – 219.600000000 —
49.852406660915 – 47.193778106185 —
– —
221.6 – 1784322000
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Tweezers Top – – –