The currency pair Bitcoin/Tether (BTC/USDT) jumps from the descending trendline down.
A continuation of the downtrend down to the next support at 115449.590000000 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 116109.000000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 116665.630000000 |
| 2nd High | 116166.710000000 |
| Next High | 116109.000000000 |
| Current Price | 115794.910000000 |
| Next Low | 115449.590000000 |
| 2nd Low | 115127.270000000 |
| 3rd Low | 114740.990000000 |
116109.000000000 – 116166.710000000 – 116665.630000000 – 115449.590000000 – 115127.270000000 – 115576.260000000 — 49.824676847679 – 46.519735220899
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – – Rising Wedge Chart Pattern – –