BCH/USDT – 30M – SELL

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

A continuation of the downward movement downwards to the next support level at 243.3 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 247.9 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

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

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 243.3 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support level at 247.9 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Two Crows’ candlestick chart pattern is existing. The candles form ‘Two 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 probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

247.9 – 250.3 – 255.1 – 243.3 – 244.1 – 243.5 —
245.200000000 – 246.600000000 —
43.483735950811 – 57.36890354308 —
– —
247.9 – 1783855800

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Two Crows – – –