BCH/USDT – 30M – SELL

The currency pair Bitcoin Cash/Tether (BCH/USDT) jumps from the descending trendline downwards

A continuation of the downward movement down to the next support level at is expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 570.2 could occur.
Consider stop-loss settings accordingly.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The pair is likely to go down.

And also a ‘Three Black Crows’ candlestick chart pattern is detected. The chart shows ‘Three Black Crows’. this is a bearish signal. 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’ going down is 82%.

570.2 – 570.8 – 581.5 – 556.2 – 549.5 – 551.5 —
566.800000000 – 565.500000000 —
51.354730786119 – 50.534470619443 —
– —
570.2 – 1771390800

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