The combination Bitcoin/Tether (BTC/USDT) jumps from the bearish trendline down.
A continuation of the downward movement down to the next support level at 62829.81 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 63933.02 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.
There is also a ‘Three Black Crows’ candlestick chart pattern is found. The candles show ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 64234.68 |
| 2nd High | 64200 |
| Next High | 63933.02 |
| Current Price | 63589.270000000 |
| Next Low | 62829.81 |
| 2nd Low | 62348 |
| 3rd Low | 60755 |
63933.02 – 62857.99 – 64200 – 62829.81 – 62348 – 60755 —
63852.000000000 – 64111.100000000 —
58.761879777135 – 56.545424997798 —
– —
63933.02 – 1781204400
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –