BCH/USDT – 1H – SELL

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

The bearish trend down to the next support level at 201.6 is certain.

Caution: A possible trend reversal in the direction of the resistance zone at 209.8 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Outside Down’ chart pattern is existing. The candles form ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

209.8 – 202.7 – 202.5 – 201.6 – 198.5 – 191.7 —
205.500000000 – 205.100000000 —
48.294007639988 – 52.242714065467 —
– —
209.8 – 1781215200

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –