The combination Bitcoin/Tether (BTC/USDT) jumps from the descending trendline down.
A continuation of the downward movement down to the next support line at 102126.160000000 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 106853.270000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Three Black Crows’ candlestick pattern is detected. The candles show ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
Moreover a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | |
Next High | 106853.270000000 |
Current Price | 104448.040000000 |
Next Low | 102126.160000000 |
2nd Low | 102000.000000000 |
3rd Low | 101383.070000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows