BTC/USDT – 30M – SELLBesides a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.
The currency pair Bitcoin/Tether (BTC/USDT) moves from the bullish trendline down.
A descending movement downwards to the next support at 114148.580000000 will continue.
Caution: A possible change in the direction of the resistance level at 115000.000000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘StochRSI cross above 20’ indicator layout is discovered. The indicator is ‘StochRSI cross above 20’. this is usually a bullish signal. The pair is likely to go up.
Besides a ‘Bearish Engulfing’ candle pattern is discovered. The candles form ‘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’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 118879.140000000 |
| 2nd High | 116019.300000000 |
| Next High | 115000.000000000 |
| Current Price | 114251.830000000 |
| Next Low | 114148.580000000 |
| 2nd Low | 113579.690000000 |
| 3rd Low | 111920.000000000 |
115000.000000000 – 114260.310000000 – 114063.490000000 – 114148.580000000 – 113579.690000000 – 111920.000000000 — 48.119133045946 – 45.613786032027
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –