BCH/USDT – 1H – SELLThe combination Bitcoin Cash/Tether (BCH/USDT) moves from the descending trendline down.
A continuation of the downtrend down to the next support at will persist.
Caution: A possible change in the direction of the resistance zone at 454.4 could occur.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair could go down.
In addition a ‘Bearish Engulfing’ candlestick pattern is discovered. The chart shows ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 467.8 |
| 2nd High | 455.4 |
| Next High | 454.4 |
| Current Price | 448.900000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
454.4 – 455.4 – 454.1 – 440.4 – 445.7 – 446.6 —
451.500000000 – 451.800000000 —
51.692799678867 – 52.746210254733 —
– —
454.4 – 1773025200
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –