BCH/USDT – 30M – SELLThe currency pair Bitcoin Cash/Tether (BCH/USDT) moves from the bearish trendline down.
A continuation of the bearish trend downwards to the next support line at 441 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 450.800000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Bearish Belt Hold’ candle pattern is existing. The chart shows ‘Bearish Belt Hold’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 454.5 |
| 2nd High | 453.2 |
| Next High | 450.800000000 |
| Current Price | 445.900000000 |
| Next Low | 441 |
| 2nd Low | 440.5 |
| 3rd Low | 440.3 |
450.800000000 – 447.5 – 448.8 – 441 – 442.4 – 444.4 —
450.800000000 – 447.200000000 —
66.840524455992 – 51.848241830701 —
450.800000000 – 1777867200 —
– 1777867200
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Bearish Belt Hold – Symmetrical Triangle Chart Pattern – –