BCH/USDT – 30M – SELL

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

A continuation of the downward movement downwards to the next support line at 442.2 will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 453.100000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair could go down.

Moreover a ‘Bearish Belt Hold’ candle chart pattern is existing. The chart shows ‘Bearish Belt Hold’. 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 likelyhood of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

453.100000000 – 464.3 – 467.8 – 442.2 – 454.3 – 456.4 —
453.100000000 – 450.100000000 —
47.594700814793 – 47.314214950646 —
453.100000000 – 1772823600 —
– 1772823600

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Bearish Belt Hold – – –