The pair Bitcoin/Tether (BTC/USDT) goes from the ascending trendline downwards
A bearish movement downwards to the next support at 63900.17 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 64588 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair is likely to fall.
And also a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.
And also a ‘Three Black Crows’ candlestick chart pattern is detected. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. 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 | 66445.93 |
| 2nd High | 64806 |
| Next High | 64588 |
| Current Price | 64257.990000000 |
| Next Low | 63900.17 |
| 2nd Low | 63184.21 |
| 3rd Low | 62316.44 |
64483.95 – 64588 – 64388 – 63900.17 – 63184.21 – 62316.44 —
63864.000000000 – 64713.990000000 —
36.262248163124 – 62.630885538461 —
– —
64483.95 – 1782039600
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – – –