BCH/USDT – 30M – SELL

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

A continuation of the bearish trend downwards to the next support level at will continue.

Caution: A possible counter-trend in the direction of the resistance line at 581.5 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair is likely to fall.

And also a ‘Three Black Crows’ candle pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

581.5 – 570.6 – 573.5 – 551.5 – 493.8 – 504.5 —
572.800000000 – 567.400000000 —
58.675960318174 – 47.005534351938 —
– —
581.5 – 1771272000

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three Black Crows – – –