BCH/USDT – 1H – SELL

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

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

Caution: A possible change in the direction of the resistance zone at 489.3 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 449.3428 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of support at 489.3 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Black Crows’ candle pattern is detected. The candles form ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

489.3 – 461.7 – 450.8 – 437 – 441 – 442.4 —
466.000000000 – 465.000000000 —
50.754736040559 – 48.193792700442 —
– —
489.3 – 1778040000

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three Black Crows – – –