BTC/USDT – 30M – SELLThe pair Bitcoin/Tether (BTC/USDT) moves from the descending trendline downwards
A continuation of the downward movement down to the next support level at 116950.750000000 is expected.
Caution: A possible counter-trend in the direction of resistance at 118481.810000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 117623.173 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 118481.810000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 119800.000000000 |
| 2nd High | 119273.360000000 |
| Next High | 118481.810000000 |
| Current Price | 118000.010000000 |
| Next Low | 116950.750000000 |
| 2nd Low | 114908.000000000 |
| 3rd Low | 114723.160000000 |
118481.810000000 – 119273.360000000 – 119800.000000000 – 116950.750000000 – 117450.000000000 – 117427.500000000 — 52.797582585146 – 50.055660121061