BTC/USDT – 30M – SELLThe pair Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline down.
The bearish trend downwards to the next support line at 93138.000000000 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 94831.970000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Bearish Engulfing’ candle chart pattern is detected. The candles form ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 94831.970000000 |
| Current Price | 94694.790000000 |
| Next Low | 93138.000000000 |
| 2nd Low | 91320.000000000 |
| 3rd Low | 90975.800000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing