BTC/USDT – 1H – SELLThe combination Bitcoin/Tether (BTC/USDT) goes from the bullish trendline down.
The bearish trend downwards to the next support line at 116467.020000000 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 118856.800000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 123218.000000000 |
| 2nd High | 120998.710000000 |
| Next High | 118856.800000000 |
| Current Price | 118313.160000000 |
| Next Low | 116467.020000000 |
| 2nd Low | 115736.920000000 |
| 3rd Low | 107429.570000000 |
118856.800000000 – 118499.900000000 – 120998.710000000 – 116467.020000000 – 117277.340000000 – 116812.760000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – – Triple bottom chart pattern