BCH/USDT – 30M – SELL

The pair Bitcoin Cash/Tether (BCH/USDT) moves from the bearish trendline down.

A continuation of the downtrend down to the next support at is expected.

Caution: A possible trend reversal in the direction of the resistance level at 581.5 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The pair is likely to go down.

Additionally a ‘StochRSI Hidden Bearish Divergence’ indicator signal is detected. The indicator shows ‘StochRSI Hidden Bearish Divergence’. which could be a negative signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 537.65 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 581.5 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Three Black Crows’ candle chart pattern is detected. The candles show ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

581.5 – 570.6 – 573.5 – 551.5 – 493.8 – 504.5 —
560.900000000 – 565.200000000 —
38.662283939955 – 50.256698502875 —
– —
581.5 – 1771272000

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three Black Crows – Double top chart pattern – –