The combination Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline downwards
A bearish movement down to the next support level at 87263.53 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 90574 should always be considered.
Consider stop-loss settings accordingly.
Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair could go down.
Additionally a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.
Additionally a ‘Two Crows’ candle chart pattern is detected. The candles form ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 95531.12 |
| 2nd High | 93420 |
| Next High | 90574 |
| Current Price | 89574.080000000 |
| Next Low | 87263.53 |
| 2nd Low | 87250 |
| 3rd Low | 86845.66 |
90574 – 90120.44 – 93420 – 87263.53 – 87895.98 – 90693 —
90113.430000000 – 90200.000000000 —
53.631415650243 – 57.589691856498 —
– —
90574.00000 – 1769007600
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – – –