BCH/USDT – 30M – SELLThe currency pair Bitcoin Cash/Tether (BCH/USDT) moves from the bullish trendline downwards
A bearish movement downwards to the next support at is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 460.5 is within the realm of possibility.
Consider stop-loss settings accordingly.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 451.9 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 460.5 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 464.3 |
| 2nd High | 461.2 |
| Next High | 460.5 |
| Current Price | 454.900000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
460.5 – 461.2 – 453.4 – 451.6 – 447 – 444 —
459.400000000 – 458.500000000 —
60.799361652905 – 52.895815492545 —
– —
460.5 – 1773266400