BCH/USDT – 30M – SELLThe pair Bitcoin Cash/Tether (BCH/USDT) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support level at 297.5 is considered certain.
Caution: A possible change in the direction of resistance at 308.2 should be noted.
Consider stop-loss settings accordingly.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The pair is likely to go down.
Furthermore a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 312.4 |
| 2nd High | 309.5 |
| Next High | 308.2 |
| Current Price | 301.000000000 |
| Next Low | 297.5 |
| 2nd Low | 296.8 |
| 3rd Low | 296.6 |
308.2 – 308.1 – 306.2 – 297.5 – 302 – 296.8 —
304.200000000 – 302.400000000 —
53.90708397356 – 50.735598377747 —
– —
308.2 – 1780225200