BTC/USDT – 1H – SELLFurthermore a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.
The currency pair Bitcoin/Tether (BTC/USDT) moves from the bullish trendline downwards
A bearish movement down to the next support at is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 120998.710000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 123218.000000000 |
| Next High | 120998.710000000 |
| Current Price | 118139.990000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
120998.710000000 – 120063.840000000 – 118490.710000000 – 117453.570000000 – 115736.920000000 – 116900.050000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – – Rising Wedge Chart Pattern