BTC/USDT – 30M – BUYAdditionally a ‘Triple top chart pattern’ chart layout is detected. The chart picture shows ‘Triple top chart pattern’. which is a bearish signal. The currency pair is likely to go down.
Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The currency pair is likely to rise.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 92826.275 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 94444.440000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Two-Candle Shooting Star’ chart pattern is existing. The candles show ‘Two-Candle Shooting Star’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two-Candle Shooting Star’ going down is 61% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 94789.08 |
| Next High | 94444.440000000 |
| Current Price | 92034.090000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
94444.440000000 – 94789.08 – 93388 – 93137.98 – 92407.13 – 92155 — 33.091404805798 – 33.61626365111 — 6.2899402832567 – 13.020427648936 – 2.0966467610856 – 6.4367893107309
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two-Candle Shooting Star – Triple top chart pattern – –