BCH/USDT – 1H – SELLThe currency pair Bitcoin Cash/Tether (BCH/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support at 432.2 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 467.8 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 444.8046 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support zone at 467.8 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 491.1 |
| 2nd High | 476.8 |
| Next High | 467.8 |
| Current Price | 461.200000000 |
| Next Low | 432.2 |
| 2nd Low | 423 |
| 3rd Low |
467.8 – 476.8 – 468.4 – 432.2 – 433.8 – 439.6 —
464.200000000 – 462.400000000 —
46.952213799998 – 52.861419175716 —
– —
467.8 – 1772704800