BTC/USDT – 30M – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The pair is likely to go down.
The pair Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline downwards
A bearish trend down to the next support level at 116977.590000000 is expected.
Caution: A possible change in the direction of the resistance line at 117896.000000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.
In addition a ‘Last Engulfing Top’ chart pattern is detected. The candles show ‘Last Engulfing Top’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 118575.000000000 |
| 2nd High | 117995.370000000 |
| Next High | 117896.000000000 |
| Current Price | 117463.820000000 |
| Next Low | 116977.590000000 |
| 2nd Low | 114720.810000000 |
| 3rd Low | 114384.000000000 |
117896.000000000 – 117286.730000000 – 116009.620000000 – 116977.590000000 – 114720.810000000 – 116160.220000000 — 61.84743088413 – 52.08425916199
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Last Engulfing Top – Rising Wedge Chart Pattern – –