Then a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to fall.
The currency pair Bitcoin/Tether (BTC/USDT) moves from the ascending trendline down.
The bearish trend down to the next support at is likely expected.
Caution: A possible counter-trend in the direction of resistance at 113485.900000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The currency pair could go down.
Then a ‘Matching Low’ chart pattern is detected. The chart shows ‘Matching Low’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 115666.680000000 |
| 2nd High | 114917.100000000 |
| Next High | 113485.900000000 |
| Current Price | 111486.000000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
113485.900000000 – 113360.000000000 – 112625.000000000 – 110862.420000000 – 110345.420000000 – 109393.930000000 — 36.166390078717 – 35.38445026299
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –