BCH/USDT – 30M – SELL

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

A descending movement down to the next support at is certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 570.2 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart 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 certain. Target of the current trend is 537.65 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 570.2 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Outside Down’ candlestick chart pattern is discovered. The chart shows ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

570.2 – 570.8 – 581.5 – 556.2 – 549.5 – 551.5 —
557.600000000 – 565.000000000 —
30.787697213736 – 56.371109843039 —
– —
570.2 – 1771390800

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –