BCH/USDT – 30M – SELL

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

A descent down to the next support at 454.3 is expected.

Caution: A possible change in the direction of the resistance line at 468.8 could be enabled.
Consider stop-loss settings accordingly.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The pair is likely to go down.

Furthermore a ‘Three Outside Down’ candlestick chart pattern is found. The chart shows ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

468.8 – 464.4 – 463.1 – 454.3 – 453.2 – 452.4 —
464.500000000 – 467.000000000 —
53.793286235416 – 60.254776393838 —
– —
468.8 – 1773532800

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three Outside Down – – –