BTC/USDT – 1H – SELLMoreover a ‘Rising Wedge Chart Pattern’ chart formation is found. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.
The combination Bitcoin/Tether (BTC/USDT) moves from the bearish trendline downwards
A continuation of the downtrend down to the next support at 62829.81 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 64394.44 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 74275.66 |
| 2nd High | 74198 |
| Next High | 64394.44 |
| Current Price | 63743.120000000 |
| Next Low | 62829.81 |
| 2nd Low | 62348 |
| 3rd Low | 60755 |
64394.44 – 63933.02 – 62857.99 – 62829.81 – 62348 – 60755 —
63652.110000000 – 63883.470000000 —
52.538805649276 – 56.969644910202 —
– —
64394.44 – 1781276400
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – – Rising Wedge Chart Pattern – –