BTC/USDT – 30M – SELLThen a ‘Rising Wedge Chart Pattern’ chart formation is detected. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
The combination Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline downwards
A bearish descent downwards to the next support at 115576.260000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 116665.630000000 could occur.
Consider stop-loss settings accordingly.
Then a ‘Matching Low’ chart pattern is existing. The candles form ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 117995.370000000 |
| 2nd High | 117429.050000000 |
| Next High | 116665.630000000 |
| Current Price | 115698.420000000 |
| Next Low | 115576.260000000 |
| 2nd Low | 114740.990000000 |
| 3rd Low | 113430.000000000 |
116665.630000000 – 116331.810000000 – 114715.020000000 – 115576.260000000 – 114740.990000000 – 113430.000000000 — 46.531056438193 – 46.381180727033
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –