BTC/USDT – 30M – SELLThe combination Bitcoin/Tether (BTC/USDT) jumps from the descending trendline down.
A continuation of the bearish trend down to the next support at is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 115875.840000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair could go down.
Besides a ‘Bearish Engulfing’ candlestick chart pattern is detected. The candles form ‘Bearish Engulfing’. this 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 ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 117995.370000000 |
| 2nd High | 116980.000000000 |
| Next High | 115875.840000000 |
| Current Price | 113659.010000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
115875.840000000 – 116980.000000000 – 117995.370000000 – 112566.010000000 – 114366.000000000 – 114640.140000000 — 51.525656896277 – 50.059076726322
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing – – –