BTC/USDT – 30M – SELLThe combination Bitcoin/Tether (BTC/USDT) goes from the bearish trendline down.
A continuation of the downtrend downwards to the next support line at 85420 will persist.
Caution: A possible trend reversal in the direction of resistance at 86860 should be noted.
Consider stop-loss settings accordingly.
Additionally a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 83155.57088 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support zone at 86860 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 92541.92 |
| 2nd High | 88250 |
| Next High | 86860 |
| Current Price | 86478.510000000 |
| Next Low | 85420 |
| 2nd Low | 80600 |
| 3rd Low | 78969.58 |
86860 – 85572.82 – 88250 – 85420 – 80600 – 86100 — 60.399437434832 – 59.384817399771 — 77.361240961486 – 75.489220563847 – 60.418010455138 – 72.250726224036
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – – Rising Wedge Chart Pattern – –