BCH/USDT – 1H – SELLThe currency pair Bitcoin Cash/Tether (BCH/USDT) goes from the descending trendline down.
A continuation of the bearish trend down to the next support line at 445.7 is expected.
Caution: A possible trend reversal in the direction of resistance at 455.4 could occur.
Consider stop-loss settings accordingly.
Furthermore a ‘Bearish Engulfing’ candle chart pattern is found. The candles show ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 476.8 |
| 2nd High | 467.8 |
| Next High | 455.4 |
| Current Price | 445.600000000 |
| Next Low | 445.7 |
| 2nd Low | 442.2 |
| 3rd Low | 432.2 |
455.4 – 454.1 – 467.8 – 445.7 – 446.6 – 442.2 —
450.200000000 – 449.800000000 —
46.317113116283 – 48.721806302094 —
– —
455.4 – 1772964000
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Bearish Engulfing – – –