BTC/USDT – 30M – SELLThe combination Bitcoin/Tether (BTC/USDT) goes from the descending trendline downwards
A continuation of the downtrend down to the next support at 118181.140000000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 119192.000000000 could be enabled.
Consider stop-loss settings accordingly.
And also a ‘Matching Low’ candle pattern is discovered. The chart shows ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 123218.000000000 |
| 2nd High | 120063.840000000 |
| Next High | 119192.000000000 |
| Current Price | 118558.610000000 |
| Next Low | 118181.140000000 |
| 2nd Low | 117017.290000000 |
| 3rd Low | 115736.920000000 |
119192.000000000 – 120063.840000000 – 118195.000000000 – 118181.140000000 – 117017.290000000 – 115736.920000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Matching Low – Double bottom retreat down