BTC/USDT – 30M – SELLThe pair Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline downwards
A descending movement down to the next support line at 113579.900000000 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 115716.000000000 should always be considered.
Consider stop-loss settings accordingly.
Moreover a ‘StochRSI cross above 20’ indicator signal is found. The indicator is ‘StochRSI cross above 20’. which is often a bullish chart scenario. The currency pair could go up.
Moreover a ‘Bearish Engulfing’ candle chart pattern is detected. The chart forms ‘Bearish Engulfing’. this 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 chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 116019.300000000 |
| 2nd High | 115720.000000000 |
| Next High | 115716.000000000 |
| Current Price | 114349.580000000 |
| Next Low | 113579.900000000 |
| 2nd Low | 113355.130000000 |
| 3rd Low | 112650.000000000 |
115716.000000000 – 114417.020000000 – 114228.880000000 – 113579.900000000 – 113355.130000000 – 112650.000000000 — 42.078862105351 – 37.370760311204
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing – – –