BCH/USDT – 30M – SELL

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

A bearish trend down to the next support at 446.2 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 454.4 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The pair is likely to go down.

Also there is a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 447.9 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 454.4 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Matching Low’ candle chart pattern is detected. The chart forms ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

454.4 – 449.8 – 455.4 – 446.2 – 440.4 – 445.7 —
450.200000000 – 456.900000000 —
53.460537390113 – 65.476802301803 —
– —
454.4 – 1773025200

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Matching Low – – –