BCH/USDT – 1H – SELL

The currency pair Bitcoin Cash/Tether (BCH/USDT) moves from the ascending trendline downwards

The bearish trend downwards to the next support line at 440.4 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 455.4 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair is likely to fall.

Then a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.

Then a ‘Bearish Engulfing’ chart pattern is discovered. The candles form ‘Bearish Engulfing’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

454.4 – 455.4 – 454.1 – 440.4 – 445.7 – 446.6 —
452.700000000 – 452.200000000 —
58.412850980967 – 56.547282017949 —
– —
454.4 – 1773025200

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Bearish Engulfing – – –