The combination Bitcoin/Tether (BTC/USDT) moves from the descending trendline down.
A continuation of the downtrend downwards to the next support line at 80731.14 is considered certain.
Caution: A possible change in the direction of the resistance level at 82850 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
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 scenario. The pair is likely to go down.
Also there is a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.
Also there is a ‘Three Outside Down’ chart pattern is detected. The chart shows ‘Three Outside Down’. which is a negative chart scenario. The currency 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 | 84737.69 |
| 2nd High | 84621.16 |
| Next High | 82850 |
| Current Price | 81452.630000000 |
| Next Low | 80731.14 |
| 2nd Low | 80527.76 |
| 3rd Low | 79744.91 |
82850 – 81760.84 – 81791.48 – 80731.14 – 80527.76 – 79744.91 —
82220.470000000 – 81907.510000000 —
53.342085160238 – 47.674298586509 —
– —
82850 – 1778065200
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – – –