BTC/USDT – 4H – SELLThe currency pair goes from the bullish trendline downwards
A bearish trend downwards to the next support level at 59828.110000000 will continue.
Caution: A possible trend reversal in the direction of resistance at 64478.190000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 59420.3058 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support zone at 64478.190000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 66498.000000000 |
| Next High | 64478.190000000 |
| Current Price | 60420.010000000 |
| Next Low | 59828.110000000 |
| 2nd Low | 57493.300000000 |
| 3rd Low | 55545.190000000 |