BCH/USDT – 1H – SELLThe combination Bitcoin Cash/Tether (BCH/USDT) jumps from the bullish trendline down.
A descent down to the next support at 437 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 461.7 is within the realm of possibility.
Consider stop-loss settings accordingly.
Furthermore a ‘Three Inside Down’ candle pattern is detected. The chart shows ‘Three Inside Down’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 477.9 |
| 2nd High | 474 |
| Next High | 461.7 |
| Current Price | 459.800000000 |
| Next Low | 437 |
| 2nd Low | 433.9 |
| 3rd Low | 427.5 |
461.7 – 450.8 – 447.5 – 437 – 441 – 442.4 —
455.400000000 – 464.500000000 —
60.126565603888 – 68.330819569021 —
– —
461.7 – 1777978800
Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three Inside Down – – –