BTC/USDT – 30M – SELL

Also there is a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.

The combination Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline down.

The bearish trend down to the next support at 117825.500000000 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 118297.350000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

Also there is a ‘Three Outside Down’ candle pattern is found. The chart shows ‘Three Outside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

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 –