BCH/USDT – 30M – SELLThe pair Bitcoin Cash/Tether (BCH/USDT) jumps from the bullish trendline downwards
A descending movement down to the next support line at 196.7 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 214.3 could occur.
Consider stop-loss settings accordingly.
And also a ‘Three Black Crows’ chart pattern is existing. The chart shows ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 252.1 |
| 2nd High | 234.6 |
| Next High | 214.3 |
| Current Price | 210.300000000 |
| Next Low | 196.7 |
| 2nd Low | 191.7 |
| 3rd Low |
204.8 – 209.7 – 209.7 – 196.7 – 205.9 – 200.9 —
211.900000000 – 212.200000000 —
75.82008230235 – 68.004756255134 —
– —
204.8 – 1781438400
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three Black Crows – – –