The combination Bitcoin Cash/Tether (BCH/USDT) moves from the descending trendline down.
A continuation of the bearish trend down to the next support line at is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 224.600000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair could go down.
Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 238.2 |
| 2nd High | 227.3 |
| Next High | 224.600000000 |
| Current Price | 222.000000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
224.600000000 – 224.3 – 227.3 – 220.7 – 219.4 – 220.2 —
224.600000000 – 223.900000000 —
55.973458305234 – 53.398739117068 —
224.600000000 – 1784250000 —
– 1784250000
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – – Symmetrical Triangle Chart Pattern – –