BTC/USDT – 30M – SELLThe combination Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline downwards
A bearish movement down to the next support level at 104184.720000000 is certain.
Caution: A possible change in the direction of the resistance line at 106853.270000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Bearish Engulfing’ candle pattern is found. The chart forms ‘Bearish Engulfing’. which is a bearish chart scenario. The currency 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 | |
| 2nd High | |
| Next High | 106853.270000000 |
| Current Price | 106318.180000000 |
| Next Low | 104184.720000000 |
| 2nd Low | 102126.160000000 |
| 3rd Low | 102000.000000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing