BTC/USDT – 1H – SELLThe pair Bitcoin/Tether (BTC/USDT) goes from the bearish trendline downwards
A continuation of the bearish trend down to the next support at is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 119273.360000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair could go down.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 117261.58 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 119273.360000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 120247.800000000 |
| 2nd High | 119800.000000000 |
| Next High | 119273.360000000 |
| Current Price | 117734.800000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
119273.360000000 – 119800.000000000 – 119450.000000000 – 116950.750000000 – 117427.500000000 – 114723.160000000 — 49.175780806995 – 45.923796435823