Moreover a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish signal. The pair is likely to go down.
The currency pair Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline down.
The bearish trend downwards to the next support at 110766.660000000 will continue.
Caution: A possible change in the direction of the resistance zone at 113293.290000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The pair is likely to go down.
Moreover a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 113485.900000000 |
| 2nd High | 113384.620000000 |
| Next High | 113293.290000000 |
| Current Price | 111299.610000000 |
| Next Low | 110766.660000000 |
| 2nd Low | 110621.780000000 |
| 3rd Low | 109977.000000000 |
113293.290000000 – 112924.370000000 – 111600.000000000 – 110766.660000000 – 111111.000000000 – 110621.780000000 — 43.965745371738 – 42.04388086261
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – – Rising Wedge Chart Pattern – –