Then a ‘Double top chart pattern’ chart formation is discovered. The chart picture forms ‘Double top chart pattern’. which is a negative pattern signal. The currency pair is likely to fall.
The pair Bitcoin/Tether (BTC/USDT) moves from the bearish trendline down.
A continuation of the bearish trend down to the next support line at will persist.
Caution: A possible change in the direction of resistance at 115666.680000000 could occur.
Consider stop-loss settings accordingly.
Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The pair is likely to go down.
Then a ‘Collapsing Doji Star’ chart pattern is detected. The chart forms ‘Collapsing Doji Star’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Collapsing Doji Star’ heading down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 118575.000000000 |
| 2nd High | 117429.050000000 |
| Next High | 115666.680000000 |
| Current Price | 112600.000000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
115666.680000000 – 117429.050000000 – 113525.000000000 – 114560.000000000 – 111684.790000000 – 112015.670000000 — 44.729641342024 – 20.871236248762
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Collapsing Doji Star – Double top chart pattern – –