BTC/USDT – 1H – SELLThe combination Bitcoin/Tether (BTC/USDT) moves from the ascending trendline downwards
A bearish movement down to the next support line at 110766.660000000 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 115666.680000000 is also possible.
Consider stop-loss settings accordingly.
In addition a ‘Matching Low’ candle chart pattern is detected. The candles show ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 118575.000000000 |
| 2nd High | 117429.050000000 |
| Next High | 115666.680000000 |
| Current Price | 113853.990000000 |
| Next Low | 110766.660000000 |
| 2nd Low | 110621.780000000 |
| 3rd Low | 109977.000000000 |
113293.290000000 – 112924.370000000 – 113384.620000000 – 110766.660000000 – 111111.000000000 – 110621.780000000 — 73.610587823552 – 72.670096524412
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Matching Low – – –