BCH/USDT – 30M – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to fall.

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

A descending movement down to the next support at 198.5 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 209.8 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘StochRSI %K falls below 0.8’ indicator signal is discovered. The indicator shows ‘StochRSI %K falls below 0.8’. this is usually a bearish signal. The pair is likely to go down.

In addition a ‘Falling Window’ candle pattern is discovered. The candles show ‘Falling Window’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Falling Window’ going down is 67% (Bull Market) and 73% (Bear Market).

209.8 – 202.7 – 202.5 – 198.5 – 191.7 – 193.3 —
204.500000000 – 205.500000000 —
54.165698503297 – 52.707840514736 —
– —
209.8 – 1781217000

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Falling Window – Rising Wedge Chart Pattern – –