Sell BTC/USDT – 30M – SELL

The currency pair Bitcoin/Tether (BTC/USDT) moves from the ascending trendline downwards

A bearish descent down to the next support line at 91320.000000000 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 94831.970000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Bearish Engulfing’ chart pattern is detected. The chart forms ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

Support & Resistance Price Range*
3rd High
2nd High
Next High 94831.970000000
Current Price 94152.000000000
Next Low 91320.000000000
2nd Low 90975.800000000
3rd Low 89667.660000000

Download BTC/USDT Signal Image

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