BTC/USDT – 30M – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to go down.
The combination Bitcoin/Tether (BTC/USDT) goes from the bullish trendline down.
A descending movement downwards to the next support line at 80527.76 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 81712.32 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Bearish Engulfing’ candlestick pattern is detected. The candles show ‘Bearish Engulfing’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 84737.69 |
| 2nd High | 84621.16 |
| Next High | 81712.32 |
| Current Price | 81111.270000000 |
| Next Low | 80527.76 |
| 2nd Low | 79744.91 |
| 3rd Low | 78202 |
81712.32 – 81323.52 – 80776.99 – 80527.76 – 79744.91 – 78202 —
81599.000000000 – 81511.330000000 —
60.379666170242 – 54.548297693342 —
– —
81712.32 – 1777986000
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –