BTC/USDT – 30M – SELLThe pair Bitcoin/Tether (BTC/USDT) goes from the ascending trendline down.
A bearish trend down to the next support at 62829.81 is expected.
Caution: A possible change in the direction of the resistance zone at 63953.84 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Last Engulfing Top’ candle pattern is found. The chart forms ‘Last Engulfing Top’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 64234.68 |
| 2nd High | 64200 |
| Next High | 63953.84 |
| Current Price | 63593.020000000 |
| Next Low | 62829.81 |
| 2nd Low | 62348 |
| 3rd Low | 61104.24 |
63953.84 – 63863.98 – 63933.02 – 62829.81 – 62348 – 61104.24 —
63884.000000000 – 64000.000000000 —
59.509639542082 – 60.923574549179 —
– —
63953.84 – 1781256600
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Last Engulfing Top – Rising Wedge Chart Pattern – –