BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) moves from the bearish trendline down.
A continuation of the downtrend downwards to the next support at 97136.000000000 is likely expected.
Caution: A possible change in the direction of the resistance level at 98564.000000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Bearish Engulfing’ candlestick chart pattern is found. The chart shows ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 99588.010000000 |
| 2nd High | 98847.680000000 |
| Next High | 98564.000000000 |
| Current Price | 98206.490000000 |
| Next Low | 97136.000000000 |
| 2nd Low | 97122.110000000 |
| 3rd Low | 95600.000000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing