The pair Bitcoin/Tether (BTC/USDT) goes from the bearish trendline downwards
A continuation of the downtrend down to the next support level at 111920.000000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 115000.000000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘StochRSI cross above 20’ indicator signal is existing. The indicator is ‘StochRSI cross above 20’. which is often a bullish chart signal. The currency pair is likely to rise.
Furthermore a ‘Three Black Crows’ chart pattern is discovered. The candles show ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 119273.360000000 |
| 2nd High | 118922.450000000 |
| Next High | 115000.000000000 |
| Current Price | 114251.830000000 |
| Next Low | 111920.000000000 |
| 2nd Low | 107429.570000000 |
| 3rd Low | 107245.000000000 |
115000.000000000 – 118922.450000000 – 118792.000000000 – 111920.000000000 – 112722.580000000 – 115796.230000000 — 52.49812246124 – 50.757201646357
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –