BCH/USDT – 30M – SELL

Next a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Next a ‘MACD crosses below signal’ indicator layout is found. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 202.1 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 210.4 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Three Inside Down’ chart pattern is existing. The candles show ‘Three Inside Down’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

210.4 – 202.6 – 202.1 – 196 – 194.3 – 198.3 —
203.100000000 – 207.200000000 —
49.921873028782 – 62.648142246906 —
– —
210.4 – 1782876600

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