BCH/USDT – 1H – SELLThe currency pair Bitcoin Cash/Tether (BCH/USDT) jumps from the descending trendline downwards
A continuation of the bearish trend downwards to the next support line at will continue.
Caution: A possible counter-trend in the direction of resistance at 467.8 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair could go down.
In addition a ‘Matching Low’ candlestick pattern is detected. The chart forms ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 491.1 |
| 2nd High | 476.8 |
| Next High | 467.8 |
| Current Price | 456.900000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
467.8 – 476.8 – 468.4 – 454.3 – 432.2 – 433.8 —
463.200000000 – 459.800000000 —
53.722548870427 – 45.880207143951 —
– —
467.8 – 1772704800
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Matching Low – – –