BTC/USDT – 30M – SELLThe pair Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline down.
A bearish descent downwards to the next support at 91697 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 93700 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 91789.51452 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 93700 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 96043 |
| 2nd High | 93958.58 |
| Next High | 93700 |
| Current Price | 93429.950000000 |
| Next Low | 91697 |
| 2nd Low | 83822.76 |
| 3rd Low | 80600 |
93700 – 93958.58 – 92237.15 – 91697 – 83822.76 – 85604 — 61.114029897592 – 57.042619861847 — 80.973444531478 – 72.816037946772 – 86.413040695859 – 80.552506385069