BCH/USDT – 30M – SELL

The combination Bitcoin Cash/Tether (BCH/USDT) moves from the bullish trendline down.

A descending movement downwards to the next support level at 196 will continue.

Caution: A possible trend reversal in the direction of the resistance line at 215.4 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Bearish Belt Hold’ candlestick chart pattern is detected. The chart forms ‘Bearish Belt Hold’. this is a bearish signal. The currency pair is likely to fall. 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).

210.4 – 202.6 – 202.1 – 196 – 194.3 – 198.3 —
203.900000000 – 218.700000000 —
50.41491447739 – 67.35002585463 —
– —
210.4 – 1782876600

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