BTC/USDT – 30M – SELL

The pair Bitcoin/Tether (BTC/USDT) goes from the descending trendline down.

A continuation of the bearish trend downwards to the next support line at 117103.100000000 will continue.

Caution: A possible reversal of the trend in the direction of the resistance zone at 118814.470000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair could go down.

And also a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

And also a ‘Three Outside Down’ candle chart pattern is found. The chart shows ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

118814.470000000 – 119273.360000000 – 118708.240000000 – 117103.100000000 – 117301.000000000 – 117550.000000000 — 46.736262947866 – 45.539402696649

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – –