The pair Bitcoin/Tether (BTC/USDT) goes from the ascending trendline downwards
A descent downwards to the next support level at 83034.230000000 will continue.
Caution: A possible change in the direction of resistance at 85544.300000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Two Crows’ candlestick pattern is found. The candles form ‘Two Crows’. 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 probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
Then a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Support & Resistance | Price Range* |
---|---|
3rd High | 87728.270000000 |
2nd High | 86100.000000000 |
Next High | 85544.300000000 |
Current Price | 84376.660000000 |
Next Low | 83034.230000000 |
2nd Low | 78969.580000000 |
3rd Low | 78464.360000000 |