BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) moves from the bearish trendline downwards
A continuation of the downtrend downwards to the next support at is considered certain.
Caution: A possible change in the direction of the resistance zone at 117995.370000000 could happen.
Consider stop-loss settings accordingly.
Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often 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 considered certain. Current target is 115568.76696 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 117995.370000000 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 119216.820000000 |
| 2nd High | 118575.000000000 |
| Next High | 117995.370000000 |
| Current Price | 116360.980000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
117995.370000000 – 118575.000000000 – 117825.000000000 – 114640.140000000 – 117321.530000000 – 117172.210000000 — 59.994013161006 – 58.722887909725