BCH/USDT – 30M – SELLThe combination Bitcoin Cash/Tether (BCH/USDT) jumps from the descending trendline downwards
A continuation of the downtrend down to the next support line at is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 452.7 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair could go down.
Furthermore a ‘Bearish Belt Hold’ candle chart pattern is found. The candles show ‘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’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 505.8 |
| 2nd High | 491.1 |
| Next High | 452.7 |
| Current Price | 456.000000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
452.7 – 491.1 – 505.8 – 441.1 – 439.6 – 455.1 —
450.500000000 – 457.700000000 —
49.794844226881 – 59.771123869688 —
– —
452.7 – 1772285400
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Bearish Belt Hold – – –