BTC/USDT – 30M – SELLThe combination Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline down.
A bearish descent down to the next support level at 93138.000000000 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 94831.970000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Bearish Engulfing’ candle chart pattern is detected. The candles show ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 94831.970000000 |
| Current Price | 94694.790000000 |
| Next Low | 93138.000000000 |
| 2nd Low | 91320.000000000 |
| 3rd Low | 90975.800000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing