BCH/USDT – 1H – SELL

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

A bearish movement down to the next support line at 493.8 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 570 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three Outside Down’ candlestick chart pattern is detected. The candles form ‘Three Outside Down’. 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 chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

570 – 518.2 – 524.4 – 493.8 – 504.5 – 507.6 —
556.000000000 – 562.100000000 —
59.999509240157 – 60.541408533657 —
– —
570 – 1771023600

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three Outside Down – – –