BTC/USDT – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is certain. Target of the current trend is 95890.28 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support line at 97351.570000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Bearish Engulfing’ candlestick pattern is detected. The candles show ‘Bearish Engulfing’. this is a bearish signal. 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 | 107000.000000000 |
| 2nd High | 98057.510000000 |
| Next High | 97351.570000000 |
| Current Price | 95536.150000000 |
| Next Low | 94256.540000000 |
| 2nd Low | 94150.050000000 |
| 3rd Low | 90500.000000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing