BCH/USDT – 1H – SELL

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

A bearish descent downwards to the next support level at 470.8 is expected.

Caution: A possible change in the direction of resistance at 520.3 is also possible.
Consider stop-loss settings accordingly.

Besides a ‘MACD crosses below signal’ indicator layout is found. The indicator is ‘MACD crosses below signal’. which is often a bearish signal. The pair is likely to go down.

Besides a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.

Besides a ‘Three Black Crows’ candlestick chart pattern is existing. The candles show ‘Three Black Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

520.3 – 506.4 – 586.2 – 475.4 – 485.9 – 470.8 —
482.300000000 – 482.800000000 —
38.482717877556 – 38.135538602884 —
– —
520.3 – 1772028000

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three Black Crows – – –