BTC/USDT – 30M – SELLThe combination jumps from the ascending trendline down.
A bearish trend down to the next support level at 68198.220000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 68772.700000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 68391.35 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 68772.700000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 69000.000000000 |
| Next High | 68772.700000000 |
| Current Price | 68508.290000000 |
| Next Low | 68198.220000000 |
| 2nd Low | 68100.000000000 |
| 3rd Low | 68010.000000000 |