BCH/USDT – 4H – SELLThe pair Bitcoin Cash/Tether (BCH/USDT) jumps from the descending trendline down.
A continuation of the downtrend downwards to the next support level at 442.2 is certain.
Caution: A possible change in the direction of the resistance zone at 476.8 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Three Inside Down’ candle pattern is existing. The chart shows ‘Three Inside Down’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 586.2 |
| 2nd High | 520.3 |
| Next High | 476.8 |
| Current Price | 447.000000000 |
| Next Low | 442.2 |
| 2nd Low | 432.2 |
| 3rd Low | 423 |
476.8 – 520.3 – 586.2 – 442.2 – 432.2 – 470.8 —
452.200000000 – 450.400000000 —
42.737798045525 – 45.540613033938 —
– —
476.8 – 1772640000
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three Inside Down – – –