BTC/USDT – 30M – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.
The currency pair Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline downwards
A bearish movement downwards to the next support at 108331.030000000 is expected.
Caution: A possible trend reversal in the direction of resistance at 110400.000000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The pair is likely to go down.
In addition a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 107747.155 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 110400.000000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110718.000000000 |
| 2nd High | 110530.170000000 |
| Next High | 110400.000000000 |
| Current Price | 108554.300000000 |
| Next Low | 108331.030000000 |
| 2nd Low | 105318.370000000 |
| 3rd Low | 104964.140000000 |
110400.000000000 – 109900.810000000 – 110530.170000000 – 109008.820000000 – 108331.030000000 – 105318.370000000