BCH/USDT – 1H – SELL

Also there is a ‘Rising Wedge Chart Pattern’ chart layout is detected. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.

The currency pair Bitcoin Cash/Tether (BCH/USDT) goes from the descending trendline downwards

A continuation of the downtrend down to the next support at 440.4 is expected.

Caution: A possible trend reversal in the direction of the resistance line at 456.9 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The pair is likely to go down.

Also there is a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 448.65 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 456.9 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Bearish Engulfing’ chart pattern is detected. The chart forms ‘Bearish Engulfing’. 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 ‘Bearish Engulfing’ heading down is 79%.

456.9 – 454.4 – 455.4 – 440.4 – 445.7 – 446.6 —
451.500000000 – 448.300000000 —
49.938151249366 – 48.065841547833 —
– —
456.9 – 1773061200

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –