BCH/USDT – 1H – SELL

The combination Bitcoin Cash/Tether (BCH/USDT) goes from the descending trendline downwards

A continuation of the bearish trend down to the next support at is likely expected.

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

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair is likely to fall.

And also a ‘Last Engulfing Bottom:’ candle pattern is found. The candles show ‘Last Engulfing Bottom:’. 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 likelyhood of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).

456.9 – 454.4 – 455.4 – 440.4 – 445.7 – 446.6 —
450.700000000 – 450.700000000 —
53.390725499783 – 47.122300393429 —
– —
456.9 – 1773061200

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Last Engulfing Bottom: – – –