BTC/USDT – 30M – SELLThe pair Bitcoin/Tether (BTC/USDT) goes from the bearish trendline downwards
A continuation of the downward movement down to the next support at 108518.830000000 is certain.
Caution: A possible change in the direction of resistance at 110000.000000000 could be enabled.
Consider stop-loss settings accordingly.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair is likely to fall.
And also a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 107545.6419 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support line at 110000.000000000 could be enabled.
Consider stop-loss settings accordingly.
And also a ‘Three Black Crows’ chart pattern is discovered. The chart forms ‘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 success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110530.170000000 |
| 2nd High | 110529.180000000 |
| Next High | 110000.000000000 |
| Current Price | 107970.230000000 |
| Next Low | 108518.830000000 |
| 2nd Low | 106900.020000000 |
| 3rd Low | 106733.330000000 |
110000.000000000 – 110529.180000000 – 108789.990000000 – 108518.830000000 – 108749.990000000 – 106900.020000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Three Black Crows – Double top chart pattern