BTC/USDT – 30M – SELLMoreover a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish signal. The pair is likely to go down.
The pair Bitcoin/Tether (BTC/USDT) goes from the ascending trendline downwards
A descending movement downwards to the next support level at 109329.120000000 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 112575.270000000 could happen.
Consider stop-loss settings accordingly.
Moreover a ‘Matching Low’ chart pattern is existing. The candles show ‘Matching Low’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 113485.900000000 |
| 2nd High | 112638.640000000 |
| Next High | 112575.270000000 |
| Current Price | 110695.710000000 |
| Next Low | 109329.120000000 |
| 2nd Low | 108393.390000000 |
| 3rd Low | 107459.490000000 |
112575.270000000 – 111782.210000000 – 111771.520000000 – 109329.120000000 – 110279.680000000 – 110528.710000000 — 54.053506502625 – 53.40449034328
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –