BCH/USDT – 1H – SELLThe pair Bitcoin Cash/Tether (BCH/USDT) jumps from the ascending trendline down.
A bearish descent downwards to the next support level at 437 is expected.
Caution: A possible change in the direction of resistance at 489.3 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three Black Crows’ candle pattern is detected. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 520.3 |
| 2nd High | 491.1 |
| Next High | 489.3 |
| Current Price | 463.200000000 |
| Next Low | 437 |
| 2nd Low | 433.9 |
| 3rd Low | 427.5 |
489.3 – 461.7 – 450.8 – 437 – 441 – 442.4 —
484.800000000 – 473.200000000 —
68.947824467413 – 59.362909248837 —
– —
489.3 – 1778040000
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three Black Crows – – –