BCH/USDT – 30M – SELLThe combination Bitcoin Cash/Tether (BCH/USDT) jumps from the bullish trendline downwards
A descent down to the next support line at 540.8 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 564.5 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.
Next a ‘Two Crows’ chart pattern is found. The chart forms ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 565 |
| 2nd High | 564.9 |
| Next High | 564.5 |
| Current Price | 560.200000000 |
| Next Low | 540.8 |
| 2nd Low | 538.7 |
| 3rd Low | 493.8 |
564.5 – 563.7 – 563.3 – 540.8 – 538.7 – 550.6 —
549.600000000 – 566.200000000 —
36.469412935183 – 61.496569914416 —
– —
564.5 – 1771569000
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Two Crows – – –