BCH/USDT – 1H – SELL

The combination Bitcoin Cash/Tether (BCH/USDT) moves from the descending trendline down.

A continuation of the bearish trend down to the next support at 439.6 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 468.4 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive chart signal. The currency pair is likely to rise.

Additionally a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The chart forms ‘Bearish Engulfing’. 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 ‘Bearish Engulfing’ going down is 79%.

468.4 – 491.1 – 520.3 – 439.6 – 475.4 – 485.9 —
464.800000000 – 448.400000000 —
56.75959478954 – 37.921172663866 —
– —
468.4 – 1772316000

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Bearish Engulfing – – –