BTC/USDT – 30M – SELLThe pair Bitcoin/Tether (BTC/USDT) goes from the bullish trendline down.
A bearish descent downwards to the next support line at 98657.700000000 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 101351.000000000 should always be considered.
Consider stop-loss settings accordingly.
And also a ‘Bearish Engulfing’ chart pattern is found. The chart forms ‘Bearish Engulfing’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 104088.000000000 |
| 2nd High | 103550.000000000 |
| Next High | 101351.000000000 |
| Current Price | 98731.260000000 |
| Next Low | 98657.700000000 |
| 2nd Low | 97622.860000000 |
| 3rd Low | 90500.000000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing