BCH/USDT – 30M – SELLThe combination Bitcoin Cash/Tether (BCH/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support line at 475.4 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 505.8 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.
Besides a ‘Shooting Star’ candle chart pattern is existing. The candles form ‘Shooting Star’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 546.6 |
| 2nd High | 520.3 |
| Next High | 505.8 |
| Current Price | 485.100000000 |
| Next Low | 475.4 |
| 2nd Low | 470.8 |
| 3rd Low | 423 |
505.8 – 520.3 – 506.4 – 475.4 – 490.8 – 485.9 —
479.100000000 – 487.300000000 —
34.261624384725 – 55.263058492949 —
– —
505.8 – 1772085600
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Shooting Star – – –