The combination Bitcoin Cash/Tether (BCH/USDT) moves from the ascending trendline down.
A bearish descent downwards to the next support at 555.7 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 577 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The pair is likely to go down.
And also a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair could go down.
And also a ‘Three Black Crows’ candlestick pattern is discovered. The candles show ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 581.5 |
| Next High | 577 |
| Current Price | 560.400000000 |
| Next Low | 555.7 |
| 2nd Low | 540.8 |
| 3rd Low | 538.7 |
577 – 570.7 – 564.5 – 563.1 – 562.3 – 555.7 —
566.100000000 – 563.900000000 —
47.365682323338 – 39.117855767963 —
– —
577 – 1771682400
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three Black Crows – – –