BCH/USDT – 1H – SELL

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

A bearish descent down to the next support at is expected.

Caution: A possible change in the direction of the resistance zone at 223.9 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair is likely to fall.

Additionally a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair is likely to fall.

Additionally a ‘Bearish Belt Hold’ chart pattern is detected. The candles form ‘Bearish Belt Hold’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

223.9 – 231.1 – 209.7 – 212.500000000 – 196.7 – 200.9 —
220.800000000 – 215.300000000 —
38.260432675789 – 41.077165638189 —
212.500000000 – 1781650800 —
223.9 – 1781643600

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