BCH/USDT – 30M – SELL

The combination Bitcoin Cash/Tether (BCH/USDT) jumps from the bearish trendline downwards

A continuation of the downtrend down to the next support level at 212.5 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 223.9 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair is likely to fall.

Furthermore a ‘Bearish Belt Hold’ candle chart pattern is existing. The chart shows ‘Bearish Belt Hold’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

223.9 – 227.9 – 228.4 – 212.5 – 213.1 – 219.2 —
212.400000000 – 216.300000000 —
31.299902969633 – 57.464069734975 —
– —
223.9 – 1781643600

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Bearish Belt Hold – – –