BCH/USDT – 1H – SELL

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

The bearish trend downwards to the next support level at 493.8 will continue.

Caution: A possible change in the direction of the resistance line at 573.5 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

In addition a ‘Three Outside Down’ chart pattern is existing. The candles form ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

573.5 – 570 – 518.2 – 493.8 – 504.5 – 507.6 —
560.600000000 – 575.300000000 —
54.03569876903 – 67.066232000768 —
– —
573.5 – 1771214400

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three Outside Down – – –