BTC/USDT – 30M – SELL

Next a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.

The pair Bitcoin/Tether (BTC/USDT) goes from the ascending trendline downwards

A bearish descent downwards to the next support at is likely expected.

Caution: A possible change in the direction of the resistance line at 120247.800000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The pair is likely to go down.

Next a ‘Three Black Crows’ chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

120247.800000000 – 117950.000000000 – 119233.710000000 – 117550.000000000 – 116128.000000000 – 116467.020000000

Trading Signals: FOREX – BTC – BTC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern