BTC/USDT – 1H – SELL

The pair Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline down.

A bearish trend downwards to the next support line at is expected.

Caution: A possible change in the direction of the resistance level at 122335.160000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The pair is likely to go down.

Besides a ‘StochRSI fall below 80’ indicator signal is existing. The indicator shows ‘StochRSI fall below 80’. which is often a bearish chart scenario. The pair is likely to go down.

Besides a ‘Last Engulfing Top’ chart pattern is detected. The candles form ‘Last Engulfing Top’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

122335.160000000 – 117944.050000000 – 115716.000000000 – 116359.890000000 – 114259.000000000 – 112650.000000000 — 43.841971810169 – 41.668741372409

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Last Engulfing Top – Rising Wedge Chart Pattern – –