The currency pair Bitcoin/Tether (BTC/USDT) moves from the bullish trendline down.
A bearish movement down to the next support line at will persist.
Caution: A possible change in the direction of the resistance zone at 95639.45 should always be considered.
Consider stop-loss settings accordingly.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair is likely to fall.
Also there is a ‘Three Outside Down’ candle chart pattern is detected. The chart shows ‘Three Outside Down’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 97924.49 |
| 2nd High | 95871.47 |
| Next High | 95639.45 |
| Current Price | 95168.060000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
95639.45 – 95871.47 – 97924.49 – 94876.33 – 95021.67 – 94293.46 — 48.756601149895 – 48.306084710906 — 86.47409720443 – 82.32334666566 – 73.425803247344 – 80.212964049216
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – – –