BCH/USDT – 30M – SELL

The currency pair Bitcoin Cash/Tether (BCH/USDT) moves from the bearish trendline down.

A continuation of the downward movement downwards to the next support at 451.6 is certain.

Caution: A possible trend reversal in the direction of resistance at 460.5 should be noted.
Consider stop-loss settings accordingly.

And also a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair is likely to fall.

And also a ‘MACD crosses below signal’ indicator signal is existing. The indicator shows ‘MACD crosses below signal’. which could be a negative signal. The currency pair is likely to fall.

And also a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is certain. Target of the current trend is 457.2196 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 460.5 should be noted.
Consider stop-loss settings accordingly.

And also a ‘Three Inside Down’ chart pattern is existing. The chart forms ‘Three Inside Down’. this 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 likelyhood of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

460.5 – 461.2 – 453.4 – 451.6 – 447 – 444 —
457.900000000 – 459.400000000 —
54.735401880765 – 60.799361157708 —
– —
460.5 – 1773266400

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three Inside Down – Symmetrical Triangle Chart Pattern – –