BTC/USDT – 30M – SELLThe pair moves from the ascending trendline downwards
A descending movement down to the next support level at 62350.000000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 63559.900000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 61654.06 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 63559.900000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 65000.000000000 |
| 2nd High | 64133.320000000 |
| Next High | 63559.900000000 |
| Current Price | 62702.940000000 |
| Next Low | 62350.000000000 |
| 2nd Low | 59174.800000000 |
| 3rd Low | 57493.300000000 |