The combination Bitcoin/Tether (BTC/USDT) moves from the ascending trendline downwards
A bearish descent downwards to the next support at 107429.570000000 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 116019.300000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘RSI fall below 30’ indicator signal is found. The indicator is ‘RSI fall below 30’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Also there is a ‘Three Black Crows’ candle pattern is discovered. The chart forms ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 118922.450000000 |
| 2nd High | 118879.140000000 |
| Next High | 116019.300000000 |
| Current Price | 113141.050000000 |
| Next Low | 107429.570000000 |
| 2nd Low | 107245.000000000 |
| 3rd Low | 106900.020000000 |
116019.300000000 – 118879.140000000 – 118922.450000000 – 114116.000000000 – 115796.230000000 – 117358.840000000 — 37.162064621279 – 34.737032622872
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern –