BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) moves from the ascending trendline downwards
A bearish movement downwards to the next support line at 95734.770000000 will persist.
Caution: A possible change in the direction of resistance at 98871.800000000 could occur.
Consider stop-loss settings accordingly.
And also a ‘Bearish Engulfing’ chart pattern is found. The chart shows ‘Bearish Engulfing’. which is a negative 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’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 99588.010000000 |
| Next High | 98871.800000000 |
| Current Price | 95912.000000000 |
| Next Low | 95734.770000000 |
| 2nd Low | 95600.000000000 |
| 3rd Low | 93138.000000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing