BCH/USDT – 30M – SELL

The currency pair Bitcoin Cash/Tether (BCH/USDT) moves from the descending trendline downwards

A continuation of the downward movement down to the next support level at 196.9 is certain.

Caution: A possible trend reversal in the direction of the resistance line at 200.1 could happen.
Consider stop-loss settings accordingly.

There is also a ‘StochRSI Hidden Bearish Divergence’ indicator layout is existing. The indicator is ‘StochRSI Hidden Bearish Divergence’. chart signal.

There is also a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair could go down.

There is also a ‘On Neck’ candlestick pattern is discovered. The chart shows ‘On Neck’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘On Neck’ going down is 56% (Bull Market) & 58% (Bear Market).

200.1 – 200.7 – 200.8 – 196.9 – 198.2 – 195.6 —
196.400000000 – 201.500000000 —
32.826265841092 – 61.721282540446 —
– —
200.1 – 1782055800

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – On Neck – – –