BTC/USDT – 1H – SELL

The combination Bitcoin/Tether (BTC/USDT) goes from the bearish trendline down.

A continuation of the downward movement down to the next support level at 110766.660000000 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 113293.290000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 111680.81 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 113293.290000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

113293.290000000 – 112924.370000000 – 113384.620000000 – 110766.660000000 – 111111.000000000 – 110621.780000000 — 59.630267892948 – 57.911240303987

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