Also there is a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to go down.
The combination Bitcoin/Tether (BTC/USDT) moves from the ascending trendline downwards
A descending movement downwards to the next support at 80527.76 is likely expected.
Caution: A possible change in the direction of resistance at 84621.16 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The pair is likely to go down.
Also there is a ‘Two Crows’ chart pattern is existing. The chart forms ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 88500 |
| 2nd High | 84737.69 |
| Next High | 84621.16 |
| Current Price | 81419.990000000 |
| Next Low | 80527.76 |
| 2nd Low | 79744.91 |
| 3rd Low | 78202 |
81323.52 – 80776.99 – 80635.51 – 80527.76 – 79744.91 – 78202 —
81095.480000000 – 81670.000000000 —
62.238229188915 – 69.886536610137 —
– —
81323.52 – 1777959000
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –