BTC/USDT – 30M – SELLThe combination Bitcoin/Tether (BTC/USDT) moves from the ascending trendline down.
A bearish trend downwards to the next support level at 93138.000000000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 98384.860000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The candles show ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to fall. 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 | |
| 2nd High | |
| Next High | 98384.860000000 |
| Current Price | 97829.830000000 |
| 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