BCH/USDT – 1H – SELLThe pair Bitcoin Cash/Tether (BCH/USDT) jumps from the bearish trendline downwards
A continuation of the downward movement down to the next support line at 493.8 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 586.2 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘Three Black Crows’ candle pattern is found. The chart shows ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 586.2 |
| Current Price | 495.300000000 |
| Next Low | 493.8 |
| 2nd Low | 423 |
| 3rd Low |
586.2 – 577 – 570.7 – 536.4 – 559 – 540.8 —
543.300000000 – 529.900000000 —
34.526985383505 – 25.52183888918 —
– —
586.2 – 1771743600
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three Black Crows – – –