BCH/USDT – 1H – SELL

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

A bearish descent downwards to the next support at 196 will persist.

Caution: A possible trend reversal in the direction of the resistance line at 218.9 should be noted.
Consider stop-loss settings accordingly.

Also there is a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair is likely to fall.

Also there is a ‘Shooting Star’ chart pattern is existing. The chart forms ‘Shooting Star’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).

218.9 – 210.4 – 202.6 – 196 – 194.3 – 188.3 —
218.500000000 – 223.000000000 —
63.528128228216 – 67.410374071501 —
– —
218.9 – 1782943200

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Shooting Star – Rising Wedge Chart Pattern – –