BTC/USDT – 30M – SELLThe combination Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline downwards
A descending movement downwards to the next support at 110680.000000000 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 114917.100000000 should always be considered.
Consider stop-loss settings accordingly.
There is also a ‘Matching Low’ candlestick chart pattern is found. The chart forms ‘Matching Low’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 117429.050000000 |
| 2nd High | 115666.680000000 |
| Next High | 114917.100000000 |
| Current Price | 110949.700000000 |
| Next Low | 110680.000000000 |
| 2nd Low | 107429.570000000 |
| 3rd Low | 107245.000000000 |
114917.100000000 – 115666.680000000 – 117429.050000000 – 110680.000000000 – 114560.000000000 – 115458.200000000 — 27.884899424557 – 27.588346701386
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –