BTC/USDT – 1H – SELLThe combination Bitcoin/Tether (BTC/USDT) moves from the ascending trendline downwards
A bearish movement down to the next support at 118050.110000000 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 122335.160000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘RSI cross above 70’ indicator layout is discovered. The indicator is ‘RSI cross above 70’. this is usually a bearish signal. The currency pair is likely to fall.
Moreover a ‘StochRSI fall below 80’ indicator layout is discovered. The indicator is ‘StochRSI fall below 80’. this is usually a bearish signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 123218.000000000 |
| Next High | 122335.160000000 |
| Current Price | 119269.990000000 |
| Next Low | 118050.110000000 |
| 2nd Low | 116359.890000000 |
| 3rd Low | 114259.000000000 |
122335.160000000 – 117944.050000000 – 115716.000000000 – 118050.110000000 – 116359.890000000 – 114259.000000000 — 55.349022772317 – 50.635634644393
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – – Double bottom retreat down – –