Moreover a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The pair Bitcoin/Tether (BTC/USDT) moves from the ascending trendline downwards
A bearish movement down to the next support line at 115127.270000000 is likely expected.
Caution: A possible change in the direction of the resistance level at 116165.190000000 is also possible.
Consider stop-loss settings accordingly.
Moreover a ‘Three Black Crows’ candle chart pattern is found. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 116665.630000000 |
| 2nd High | 116166.710000000 |
| Next High | 116165.190000000 |
| Current Price | 115388.210000000 |
| Next Low | 115127.270000000 |
| 2nd Low | 114740.990000000 |
| 3rd Low | 113430.000000000 |
116165.190000000 – 116109.000000000 – 116166.710000000 – 115449.590000000 – 115127.270000000 – 115576.260000000 — 43.417225629134 – 40.981426700524
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –