BCH/USDT – 4H – SELL

The combination Bitcoin Cash/Tether (BCH/USDT) jumps from the descending trendline down.

A continuation of the downtrend downwards to the next support level at 188.3 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 255.1 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The currency pair could go down.

Besides a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Besides a ‘Three Black Crows’ candlestick chart pattern is existing. The chart forms ‘Three Black Crows’. which is a negative chart scenario. 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%.

255.1 – 251.1 – 203 – 231.2 – 228.9 – 188.3 —
238.300000000 – 238.200000000 —
46.461400413723 – 42.563781189326 —
– —
255.1 – 1783684800

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