And also a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The pair is likely to go down.
The pair Bitcoin/Tether (BTC/USDT) goes from the bullish trendline down.
A bearish movement down to the next support line at 116160.220000000 will continue.
Caution: A possible trend reversal in the direction of resistance at 116757.990000000 should be noted.
Consider stop-loss settings accordingly.
And also a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.
And also a ‘Three Black Crows’ candlestick chart pattern is found. The chart shows ‘Three Black Crows’. 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 chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 117995.370000000 |
| 2nd High | 117429.050000000 |
| Next High | 116757.990000000 |
| Current Price | 116390.380000000 |
| Next Low | 116160.220000000 |
| 2nd Low | 114737.110000000 |
| 3rd Low | 114384.000000000 |
116009.620000000 – 115605.070000000 – 116757.990000000 – 116160.220000000 – 114737.110000000 – 114930.000000000 — 46.757595430254 – 43.034043901576
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –