BTC/USDT – 1H – SELLThe pair goes from the ascending trendline downwards
A descending movement down to the next support line at 53629.010000000 is expected.
Caution: A possible change in the direction of resistance at 58088.000000000 could happen.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 56065.05 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 58088.000000000 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 59809.650000000 |
| 2nd High | 58519.000000000 |
| Next High | 58088.000000000 |
| Current Price | 56741.090000000 |
| Next Low | 53629.010000000 |
| 2nd Low | 53611.100000000 |
| 3rd Low | 49000.000000000 |