BCH/USDT – 30M – SELL

The currency pair Bitcoin Cash/Tether (BCH/USDT) goes from the bearish trendline downwards

A continuation of the downtrend down to the next support at 439 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 476.8 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The pair is likely to go down.

Besides a ‘Bearish Engulfing’ candle pattern is detected. The candles form ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

476.8 – 462.6 – 450.1 – 439 – 432.2 – 433.8 —
471.700000000 – 462.500000000 —
57.562297160772 – 43.920647250142 —
– —
476.8 – 1772650800

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