BCH/USDT – 1H – SELL

The currency pair Bitcoin Cash/Tether (BCH/USDT) goes from the ascending trendline downwards

A descending movement down to the next support level at is considered certain.

Caution: A possible trend reversal in the direction of the resistance line at 570.8 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The pair is likely to go down.

Then a ‘Last Engulfing Bottom:’ candlestick pattern is found. The chart forms ‘Last Engulfing Bottom:’. 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 success rate of a ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).

570.8 – 581.5 – 573.5 – 549.5 – 551.5 – 493.8 —
569.400000000 – 560.600000000 —
56.051187943041 – 43.657851311915 —
– —
570.8 – 1771354800

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Last Engulfing Bottom: – Double top chart pattern – –