BCH/USDT – 1H – SELL

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

A continuation of the downtrend down to the next support at 446.5 is expected.

Caution: A possible trend reversal in the direction of resistance at 478 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The pair is likely to go down.

Also there is a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.

Also there is a ‘Matching Low’ candlestick chart pattern is discovered. The chart shows ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

478 – 469.7 – 475.6 – 446.5 – 459.8 – 454.3 —
457.100000000 – 460.300000000 —
42.652815336592 – 53.180022013629 —
– —
478 – 1773759600

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern – –