The combination Bitcoin/Tether (BTC/USDT) jumps from the descending trendline down.
A continuation of the downtrend downwards to the next support level at 117103.100000000 is considered certain.
Caution: A possible change in the direction of the resistance level at 119450.000000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bearish chart signal. The pair is likely to go down.
Furthermore a ‘Three Black Crows’ chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 120820.710000000 |
| 2nd High | 120247.800000000 |
| Next High | 119450.000000000 |
| Current Price | 117200.000000000 |
| Next Low | 117103.100000000 |
| 2nd Low | 116128.000000000 |
| 3rd Low | 115736.920000000 |
119450.000000000 – 118814.470000000 – 119273.360000000 – 117832.320000000 – 117103.100000000 – 117301.000000000 — 29.938434779931 – 28.126972167402
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – –