BTC/USDT – 30M – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The pair is likely to go down.
The combination Bitcoin/Tether (BTC/USDT) moves from the bullish trendline down.
A bearish descent downwards to the next support level at 117859.980000000 will persist.
Caution: A possible change in the direction of resistance at 119540.010000000 could occur.
Consider stop-loss settings accordingly.
In addition a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend will persist. Current target is 118446.85564 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of support at 119540.010000000 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 120820.710000000 |
| 2nd High | 120247.800000000 |
| Next High | 119540.010000000 |
| Current Price | 119434.660000000 |
| Next Low | 117859.980000000 |
| 2nd Low | 117825.500000000 |
| 3rd Low | 117304.460000000 |
119540.010000000 – 118438.830000000 – 118297.350000000 – 117859.980000000 – 117825.500000000 – 117304.460000000 — 65.742637169301 – 63.892464115138
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – – Rising Wedge Chart Pattern –