BTC/USDT – 30M – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to go down.

The currency pair Bitcoin/Tether (BTC/USDT) moves from the bullish trendline down.

A descending movement down to the next support at is certain.

Caution: A possible change in the direction of the resistance zone at 123218.000000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 118252.0913 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support line at 123218.000000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

123218.000000000 – 119488.000000000 – 119376.000000000 – 119202.000000000 – 118243.680000000 – 117000.010000000

Trading Signals: FOREX – BTC – BTC/USDT – USDT – – Rising Wedge Chart Pattern