BTC/USDT – 1H – SELLIn addition a ‘Head and Shoulder chart pattern’ chart formation is found. The chart shows ‘Head and Shoulder chart pattern’. which is a bearish chart scenario. The pair is likely to go down.
The pair Bitcoin/Tether (BTC/USDT) goes from the ascending trendline downwards
A descent downwards to the next support line at is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 109700.000000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The currency pair is likely to fall.
In addition a ‘Bearish Engulfing’ chart pattern is discovered. The chart shows ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110530.170000000 |
| 2nd High | 110529.180000000 |
| Next High | 109700.000000000 |
| Current Price | 107886.850000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
109700.000000000 – 110529.180000000 – 108789.990000000 – 107245.000000000 – 106733.330000000 – 107250.000000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Bearish Engulfing – Head and Shoulder chart pattern