BTC/USDT – 1H – SELLThe combination Bitcoin/Tether (BTC/USDT) moves from the ascending trendline down.
A descent downwards to the next support line at 114259.000000000 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 117944.050000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Bearish Engulfing’ chart pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 119273.360000000 |
| 2nd High | 118922.450000000 |
| Next High | 117944.050000000 |
| Current Price | 116462.250000000 |
| Next Low | 114259.000000000 |
| 2nd Low | 112650.000000000 |
| 3rd Low | 111920.000000000 |
117944.050000000 – 115716.000000000 – 115720.000000000 – 114259.000000000 – 112650.000000000 – 114121.000000000 — 56.167454742946 – 54.32009530356
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing – – –