BCH/USDT – 1H – SELL

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

A continuation of the downtrend downwards to the next support at 549.5 will persist.

Caution: A possible change in the direction of the resistance level at 570.8 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘MACD crosses below signal’ indicator signal is detected. The indicator is ‘MACD crosses below signal’. which could be a negative chart signal. The currency pair could go down.

Moreover a ‘Three Black Crows’ candle chart pattern is existing. The candles form ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

570.8 – 581.5 – 573.5 – 549.5 – 551.5 – 493.8 —
562.700000000 – 569.500000000 —
43.811549954262 – 51.957655748044 —
– —
570.8 – 1771354800

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –