BCH/USDT – 1H – SELLThe pair Bitcoin Cash/Tether (BCH/USDT) goes from the descending trendline down.
A continuation of the downward movement down to the next support level at 444.4 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 458.2 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Three Black Crows’ candlestick pattern is detected. The candles form ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 461.7 |
| 2nd High | 461.1 |
| Next High | 458.2 |
| Current Price | 443.500000000 |
| Next Low | 444.4 |
| 2nd Low | 440.3 |
| 3rd Low | 433.9 |
458.2 – 455.6 – 458.2 – 444.4 – 440.3 – 441.9 —
447.600000000 – 446.500000000 —
45.696342349736 – 39.820727535027 —
– —
458.2 – 1777644000
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –