BCH/USDT – 1H – SELL

The currency pair Bitcoin Cash/Tether (BCH/USDT) jumps from the descending trendline downwards

A continuation of the downtrend downwards to the next support at 188.3 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 200.1 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘MACD crosses below signal’ indicator layout is found. The indicator shows ‘MACD crosses below signal’. which could be a negative signal. The pair is likely to go down.

Besides a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.

Besides a ‘Three Black Crows’ candle chart pattern is existing. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

200.1 – 203 – 197.2 – 188.3 – 194.4 – 184.9 —
197.800000000 – 201.200000000 —
62.944847316101 – 64.1137874913 —
– —
200.1 – 1782572400

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three Black Crows – – –