BCH/USDT – 1H – SELL

Next a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.

The currency pair Bitcoin Cash/Tether (BCH/USDT) jumps from the ascending trendline down.

A bearish movement down to the next support level at 511.2 is expected.

Caution: A possible change in the direction of the resistance zone at 540.8 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘MACD crosses below signal’ indicator layout is detected. The indicator shows ‘MACD crosses below signal’. which is often a bearish signal. The currency pair could go down.

Next a ‘Three Inside Down’ candlestick pattern is discovered. The candles form ‘Three Inside Down’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

540.8 – 540.5 – 542.8 – 511.2 – 516.8 – 423 —
533.900000000 – 532.500000000 —
60.499437189591 – 55.782033596079 —
– —
540.8 – 1770552000

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three Inside Down – Rising Wedge Chart Pattern – –