BCH/USDT – 1H – SELLThe combination Bitcoin Cash/Tether (BCH/USDT) jumps from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at 445.7 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 454.1 could occur.
Consider stop-loss settings accordingly.
Next a ‘Bearish Engulfing’ candle pattern is found. The candles form ‘Bearish Engulfing’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 476.8 |
| 2nd High | 467.8 |
| Next High | 454.1 |
| Current Price | 447.000000000 |
| Next Low | 445.7 |
| 2nd Low | 442.2 |
| 3rd Low | 432.2 |
454.1 – 467.8 – 476.8 – 445.7 – 446.6 – 442.2 —
449.300000000 – 450.200000000 —
46.921231241754 – 46.317113784287 —
– —
454.1 – 1772913600
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Bearish Engulfing – – –