BCH/USDT – 30M – SELL

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

A continuation of the downtrend down to the next support at 423 is considered certain.

Caution: A possible change in the direction of the resistance level at 491.1 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘MACD crosses below signal’ indicator signal is found. The indicator shows ‘MACD crosses below signal’. which is often a bearish signal. The currency pair is likely to fall.

Next a ‘Three Black Crows’ candle chart pattern is existing. The candles form ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

491.1 – 505.8 – 520.3 – 475.4 – 490.8 – 485.9 —
468.200000000 – 465.000000000 —
42.095695332314 – 37.117903761198 —
– —
491.1 – 1772164800

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