BTC/USDT – 30M – SELLAdditionally a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The currency pair Bitcoin/Tether (BTC/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support level at 108331.030000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 110400.000000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110718.000000000 |
| 2nd High | 110530.170000000 |
| Next High | 110400.000000000 |
| Current Price | 109787.880000000 |
| Next Low | 108331.030000000 |
| 2nd Low | 105318.370000000 |
| 3rd Low | 104964.140000000 |
110400.000000000 – 109900.810000000 – 110530.170000000 – 108331.030000000 – 105318.370000000 – 104964.140000000