📊 Pattern Analysis: Bearish Deep Crab
XA leg: Initial strong bullish move.
AB retracement: Retraced to around 0.618–0.886 of XA.
BC leg: Deep pullback (approx. 0.448), healthy for Crab formation.
CD leg: Extended to 2.618 of BC and beyond 1.618 of XA, completing the Deep Crab pattern.
📈 Key Technical Confluence
Pattern completes at point D, which aligns with a rising trendline resistance.
Strong rejection candle at D confirms bearish pressure.
The chart suggests a potential reversal zone (PRZ) around 500 USDT.
$BCH /USDT has completed a Bearish Deep Crab pattern near a rising trendline resistance. The PRZ around $500 has been respected with a strong rejection. If the price holds below this zone, we could see a drop toward $420 and possibly $380 in the coming days.