BCH/USDT – 30M – SELLThe pair Bitcoin Cash/Tether (BCH/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support level at is certain.
Caution: A possible change in the direction of the resistance zone at 565 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair is likely to fall.
Furthermore a ‘Last Engulfing Bottom:’ candle pattern is detected. The candles show ‘Last Engulfing Bottom:’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 570.8 |
| 2nd High | 570.2 |
| Next High | 565 |
| Current Price | 555.100000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
565 – 570.2 – 570.8 – 550.6 – 551.2 – 556.2 —
559.100000000 – 558.200000000 —
49.961387886667 – 48.191785501982 —
– —
565 – 1771435800
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Last Engulfing Bottom: – – –