There is also a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to fall.
The combination Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline down.
A descent downwards to the next support level at 117825.500000000 is considered certain.
Caution: A possible change in the direction of the resistance zone at 118438.830000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.
There is also a ‘Two Crows’ chart pattern is found. The chart shows ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 120247.800000000 |
| 2nd High | 119450.000000000 |
| Next High | 118438.830000000 |
| Current Price | 117979.780000000 |
| Next Low | 117825.500000000 |
| 2nd Low | 117304.460000000 |
| 3rd Low | 114908.000000000 |
118438.830000000 – 118297.350000000 – 118220.000000000 – 117825.500000000 – 117304.460000000 – 114908.000000000 — 49.235315385818 – 44.848496402923
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – Rising Wedge Chart Pattern –