The currency pair Bitcoin/Tether (BTC/USDT) moves from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at 72945.5 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 76971.52 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair is likely to fall.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 74318.203 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of support at 76971.52 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 79186.81 |
| 2nd High | 79084.29 |
| Next High | 76971.52 |
| Current Price | 74867.000000000 |
| Next Low | 72945.5 |
| 2nd Low | |
| 3rd Low |
76971.52 – 79084.29 – 79186.81 – 72945.5 – 77644.09 – 77888 —
76607.690000000 – 76260.000000000 —
46.699928916424 – 48.38498610547 —
– —
76971.52 – 1770175800
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – – Symmetrical Triangle Chart Pattern – –