BCH/USDT – 1H – SELL

The currency pair Bitcoin Cash/Tether (BCH/USDT) jumps from the descending trendline down.

A continuation of the bearish trend down to the next support level at 432.2 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 467.8 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.

Next a ‘Three Black Crows’ chart pattern is found. The candles form ‘Three Black Crows’. 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 likelyhood of ‘Three Black Crows’ heading down is 82%.

467.8 – 476.8 – 468.4 – 454.3 – 432.2 – 433.8 —
461.800000000 – 458.300000000 —
49.276034451405 – 42.881867568212 —
– —
467.8 – 1772704800

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three Black Crows – – –