BTC/USDT – 1H – SELLAnd also a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The pair Bitcoin/Tether (BTC/USDT) moves from the ascending trendline downwards
A bearish descent down to the next support at is considered certain.
Caution: A possible change in the direction of the resistance line at 120998.710000000 could occur.
Consider stop-loss settings accordingly.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 123218.000000000 |
| Next High | 120998.710000000 |
| Current Price | 118139.990000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
120998.710000000 – 120063.840000000 – 118490.710000000 – 117453.570000000 – 115736.920000000 – 116900.050000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – – Rising Wedge Chart Pattern