BTC/USDT – 30M – SELL

There is also a ‘Rising Wedge Chart Pattern’ chart layout is detected. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.

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

The bearish trend downwards to the next support line at is expected.

Caution: A possible reversal of the trend in the direction of resistance at 123218.000000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 118252.0913 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of support at 123218.000000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

123218.000000000 – 119488.000000000 – 119376.000000000 – 119202.000000000 – 118243.680000000 – 117000.010000000

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