BTC/USDT – 1H – SELL

Also there is a ‘Rising Wedge Chart Pattern’ chart formation is detected. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The pair is likely to go down.

The combination Bitcoin/Tether (BTC/USDT) moves from the bullish trendline down.

The bearish trend downwards to the next support line at 114259.000000000 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 117944.050000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘RSI fall below 70’ indicator signal is detected. The indicator shows ‘RSI fall below 70’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Also there is a ‘StochRSI cross above 20’ indicator signal is detected. The indicator shows ‘StochRSI cross above 20’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Also there is a ‘Bearish Engulfing’ candle chart pattern is existing. The candles form ‘Bearish Engulfing’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

117944.050000000 – 115716.000000000 – 115720.000000000 – 114259.000000000 – 112650.000000000 – 114121.000000000 — 61.40258635282 – 55.647044018992

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –