And also a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to fall.
The currency pair Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline down.
A descending movement down to the next support level at 74821.57 is considered certain.
Caution: A possible change in the direction of resistance at 79472.82 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.
And also a ‘Three Outside Down’ candlestick chart pattern is discovered. The candles form ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 84737.69 |
| 2nd High | 84621.16 |
| Next High | 79472.82 |
| Current Price | 78178.230000000 |
| Next Low | 74821.57 |
| 2nd Low | 74702 |
| 3rd Low | 74095.18 |
79472.82 – 78452.18 – 76927.57 – 74821.57 – 75474.77 – 74702 —
79067.600000000 – 78630.000000000 —
67.289392284744 – 52.588272597625 —
– —
79472.82 – 1776873600
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –