BTC/USDT – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 76894.43436 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 81243.580000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The pair is likely to go down.
And also a ‘Last Engulfing Bottom:’ candle chart pattern is found. The candles show ‘Last Engulfing Bottom:’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 83894.700000000 |
| 2nd High | 83817.630000000 |
| Next High | 81243.580000000 |
| Current Price | 79020.040000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Last Engulfing Bottom: