BCH/USDT – 30M – SELLThe combination Bitcoin Cash/Tether (BCH/USDT) goes from the descending trendline down.
A continuation of the downtrend down to the next support line at 493.8 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 546.6 could occur.
Consider stop-loss settings accordingly.
Next a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Next a ‘Two Crows’ candlestick pattern is found. The candles show ‘Two Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 586.2 |
| Next High | 546.6 |
| Current Price | 534.200000000 |
| Next Low | 493.8 |
| 2nd Low | 423 |
| 3rd Low |
546.6 – 586.2 – 577 – 536.4 – 566 – 559 —
542.600000000 – 538.600000000 —
36.807097268218 – 38.058297137478 —
– —
546.6 – 1771840800
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Two Crows – – –