The combination Bitcoin/Tether (BTC/USDT) moves from the ascending trendline down.
A bearish trend downwards to the next support level at 110862.420000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 113360.000000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 115666.680000000 |
| 2nd High | 114917.100000000 |
| Next High | 113360.000000000 |
| Current Price | 112832.000000000 |
| Next Low | 110862.420000000 |
| 2nd Low | 110345.420000000 |
| 3rd Low | 109393.930000000 |
113360.000000000 – 112625.000000000 – 112371.000000000 – 110862.420000000 – 110345.420000000 – 109393.930000000 — 58.989905864126 – 53.495280258307