BTC/USDT – 4H – SELLThe currency pair jumps from the descending trendline downwards
A continuation of the bearish trend down to the next support line at 62357.930000000 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 64133.320000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 61654.30284 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 64133.320000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 65000.000000000 |
| Next High | 64133.320000000 |
| Current Price | 63819.100000000 |
| Next Low | 62357.930000000 |
| 2nd Low | 57493.300000000 |
| 3rd Low | 55545.190000000 |