BTC/USDT – 1H – SELLThe combination Bitcoin/Tether (BTC/USDT) jumps from the descending trendline down.
A continuation of the downtrend downwards to the next support level at is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 90832 is also possible.
Consider stop-loss settings accordingly.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The pair is likely to go up.
There is also a ‘%K crosses above %D’ indicator layout is detected. The indicator is ‘%K crosses above %D’. which could be a positive chart signal. The pair is likely to go up.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 89694.66 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support zone at 90832 is also possible.
Consider stop-loss settings accordingly.
There is also a ‘Matching Low’ candle chart pattern is found. The candles show ‘Matching Low’. this is a bullish 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’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 94444.44 |
| 2nd High | 92082.55 |
| Next High | 90832 |
| Current Price | 90736.670000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
90832 – 92082.55 – 94444.44 – 90404 – 89694.66 – 91262.94 — 52.989260469306 – 52.805590101233 — 83.447228549734 – 85.183497848646 – 84.440226103096 – 84.676453218594
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Matching Low – – –