BCH/USDT – 30M – SELL

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

A continuation of the downtrend down to the next support at 538.7 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 564.9 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Outside Down’ chart pattern is existing. The candles show ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

564.9 – 565 – 570.2 – 538.7 – 550.6 – 551.2 —
551.900000000 – 560.400000000 —
47.999466900266 – 60.649117106356 —
– —
564.9 – 1771486200

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three Outside Down – – –