BTC/USDT – 30M – SELLThe pair Bitcoin/Tether (BTC/USDT) goes from the descending trendline downwards
A continuation of the downtrend down to the next support level at 106115.350000000 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 108952.380000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Matching Low’ candle pattern is discovered. The candles form ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110400.000000000 |
| 2nd High | 110392.010000000 |
| Next High | 108952.380000000 |
| Current Price | 106822.010000000 |
| Next Low | 106115.350000000 |
| 2nd Low | 104494.530000000 |
| 3rd Low | 104300.000000000 |
108952.380000000 – 107262.310000000 – 105838.240000000 – 106115.350000000 – 106495.090000000 – 104494.530000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Matching Low