BTC/USDT – 30M – SELLThe pair Bitcoin/Tether (BTC/USDT) goes from the descending trendline down.
A continuation of the bearish trend down to the next support level at 117943.250000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 118499.900000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Bearish Engulfing’ candle pattern is existing. The chart forms ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 120998.710000000 |
| 2nd High | 120820.710000000 |
| Next High | 118499.900000000 |
| Current Price | 117973.990000000 |
| Next Low | 117943.250000000 |
| 2nd Low | 116812.760000000 |
| 3rd Low | 115736.920000000 |
118499.900000000 – 118371.420000000 – 120820.710000000 – 117943.250000000 – 116812.760000000 – 118395.000000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Bearish Engulfing –