BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline downwards
A bearish trend downwards to the next support line at 118074.990000000 is certain.
Caution: A possible trend reversal in the direction of resistance at 119800.000000000 could happen.
Consider stop-loss settings accordingly.
In addition a ‘StochRSI fall below 80’ indicator signal is discovered. The indicator shows ‘StochRSI fall below 80’. which could be a negative chart signal. The currency pair is likely to fall.
In addition a ‘Evening Star’ candle chart pattern is found. The candles show ‘Evening Star’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Evening Star’ heading down is 72% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 120820.710000000 |
| 2nd High | 120247.800000000 |
| Next High | 119800.000000000 |
| Current Price | 119126.350000000 |
| Next Low | 118074.990000000 |
| 2nd Low | 116359.890000000 |
| 3rd Low | 114259.000000000 |
119113.940000000 – 118741.770000000 – 117021.160000000 – 118074.990000000 – 116359.890000000 – 114259.000000000 — 69.0127272681 – 60.696234781802
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Evening Star – – –