BTC/USDT – 30M – SELLThe combination Bitcoin/Tether (BTC/USDT) moves from the ascending trendline down.
A descending movement downwards to the next support at 90236 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 92519.95 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Last Engulfing Bottom:’ candle pattern is found. The chart shows ‘Last Engulfing Bottom:’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 94444.44 |
| 2nd High | 93845.03 |
| Next High | 92519.95 |
| Current Price | 90752.270000000 |
| Next Low | 90236 |
| 2nd Low | 90113.87 |
| 3rd Low | 89850 |
92519.95 – 91283.89 – 90850 – 90236 – 90404 – 90408.23 — 48.46475327803 – 37.130731453583 — 2.4918060489689 – 0.9239336792811 – 3.1924101172004 – 1.6612040326459
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Last Engulfing Bottom: – – –