BTC/USDT – 30M – SELLThe pair Bitcoin/Tether (BTC/USDT) goes from the ascending trendline down.
A descending movement down to the next support at 90246.060000000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 93092 is also possible.
Consider stop-loss settings accordingly.
In addition a ‘%K crosses below %D’ indicator signal is discovered. The indicator is ‘%K crosses below %D’. which could be a negative chart signal. The currency pair could go down.
In addition a ‘Southern Doji’ candle chart pattern is existing. The candles form ‘Southern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 93836.01 |
| 2nd High | 93160 |
| Next High | 93092 |
| Current Price | 90871.700000000 |
| Next Low | 90246.060000000 |
| 2nd Low | 86306.77 |
| 3rd Low | 86116 |
93092 – 91843.59 – 91940.18 – 90246.060000000 – 90652.55 – 90438.43 — 44.096587443903 – 43.877763269998 — 33.58302836877 – 33.567355624829 – 33.275621360171 – 33.950481574439
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern – –