The pair Bitcoin Cash/Tether (BCH/USDT) goes from the bearish trendline down.
A continuation of the downward movement down to the next support at 231.2 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 255.1 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 383.5 |
| 2nd High | 355.2 |
| Next High | 255.1 |
| Current Price | 217.400000000 |
| Next Low | 231.2 |
| 2nd Low | 228.9 |
| 3rd Low | 188.3 |
255.1 – 251.1 – 203 – 231.2 – 228.9 – 188.3 —
224.400000000 – 224.100000000 —
26.073978588338 – 33.810929011927 —
– —
255.1 – 1783684800
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three Black Crows – – –