The combination Bitcoin/Tether (BTC/USDT) goes from the descending trendline downwards
A continuation of the downtrend downwards to the next support at is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 90340 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair could go down.
There is also a ‘Three Inside Down’ candlestick pattern is discovered. The chart forms ‘Three Inside 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 Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 93420 |
| 2nd High | 90574 |
| Next High | 90340 |
| Current Price | 89409.720000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
90340 – 90574 – 90120.44 – 88515.37 – 87263.53 – 87895.98 —
89200.000000000 – 89924.460000000 —
36.970158166258 – 54.127152655563 —
– —
90340.00000 – 1769088600
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Inside Down – – –