BTC/USDT – 30M – SELLThe pair Bitcoin/Tether (BTC/USDT) moves from the ascending trendline downwards
A descending movement down to the next support at 100609.410000000 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 102850.000000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Bearish Engulfing’ candlestick chart pattern is found. The candles show ‘Bearish Engulfing’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 104088.000000000 |
| 2nd High | 103550.000000000 |
| Next High | 102850.000000000 |
| Current Price | 102692.170000000 |
| Next Low | 100609.410000000 |
| 2nd Low | 99700.000000000 |
| 3rd Low | 99205.000000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing