BTC/USDT – 30M – SELL

The combination Bitcoin/Tether (BTC/USDT) goes from the bullish trendline down.

A bearish movement down to the next support line at 117450.000000000 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 119273.360000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

There is 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 is likely to fall.

There is also a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 117427.5 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support line at 119273.360000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Matching Low’ chart pattern is existing. The candles form ‘Matching Low’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

119273.360000000 – 119800.000000000 – 119540.010000000 – 117450.000000000 – 117427.500000000 – 117859.980000000 — 37.005486599499 – 36.219885966266

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Matching Low – Rising Wedge Chart Pattern –