BCH/USDT – 30M – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.

The pair Bitcoin Cash/Tether (BCH/USDT) jumps from the bullish trendline downwards

A descent down to the next support line at is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 456.9 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair is likely to fall.

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

456.9 – 454.4 – 449.8 – 446.2 – 440.4 – 445.7 —
455.400000000 – 451.900000000 —
48.937361901669 – 52.62058021698 —
– —
456.9 – 1773063000

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –