BTC/USDT – 1H – SELLThe pair Bitcoin/Tether (BTC/USDT) moves from the ascending trendline down.
A bearish descent downwards to the next support at is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 94444.44 is within the realm of possibility.
Consider stop-loss settings accordingly.
Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The currency pair is likely to rise.
Next a ‘%K crosses above %D’ indicator signal is found. The indicator is ‘%K crosses above %D’. which could be a positive chart signal. The currency pair is likely to rise.
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 90797.79 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 94444.44 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 96043 |
| 2nd High | 94789.08 |
| Next High | 94444.44 |
| Current Price | 92670.290000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
94444.44 – 94789.08 – 93388 – 91262.94 – 90863.47 – 87250 — 47.393204533486 – 45.95208049229 — 62.358619752635 – 66.610120682644 – 62.976408899102 – 62.788820069021