BTC/USDT – 30M – SELLThe pair Bitcoin/Tether (BTC/USDT) goes from the bearish trendline down.
A continuation of the downward movement down to the next support level at 90791.100000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 94685.600000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Bearish Engulfing’ candle chart pattern is existing. The chart forms ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 98871.800000000 |
| 2nd High | 94973.370000000 |
| Next High | 94685.600000000 |
| Current Price | 92568.000000000 |
| Next Low | 90791.100000000 |
| 2nd Low | 89667.660000000 |
| 3rd Low | 89376.900000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing