BCH/USDT – 30M – SELL

The pair Bitcoin Cash/Tether (BCH/USDT) goes from the ascending trendline downwards

A descending movement downwards to the next support level at 231.4 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 240.7 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three Black Crows’ candle pattern is found. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

240.7 – 237 – 236.9 – 231.4 – 228.9 – 234.7 —
237.300000000 – 238.700000000 —
53.886060366385 – 53.826483934537 —
– —
240.7 – 1783582200

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –