There is also a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to go down.
The currency pair Bitcoin/Tether (BTC/USDT) moves from the bullish trendline downwards
A bearish movement downwards to the next support level at 117825.500000000 is certain.
Caution: A possible change in the direction of the resistance zone at 118297.350000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.
There is also a ‘Three Outside Down’ chart pattern is detected. The chart forms ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 120247.800000000 |
| 2nd High | 119450.000000000 |
| Next High | 118297.350000000 |
| Current Price | 118133.690000000 |
| Next Low | 117825.500000000 |
| 2nd Low | 117304.460000000 |
| 3rd Low | 114908.000000000 |
118297.350000000 – 118220.000000000 – 117750.000000000 – 117825.500000000 – 117304.460000000 – 114908.000000000 — 58.993708599882 – 51.048950399555
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern –