The pair Bitcoin/Tether (BTC/USDT) moves from the ascending trendline down.
The bearish trend downwards to the next support line at 114720.810000000 will persist.
Caution: A possible trend reversal in the direction of resistance at 117900.000000000 should always be considered.
Consider stop-loss settings accordingly.
There is also a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which could be a negative chart scenario. The pair is likely to go down.
There is also a ‘Three Black Crows’ candlestick chart pattern is found. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. 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 | 118575.000000000 |
| 2nd High | 117995.370000000 |
| Next High | 117900.000000000 |
| Current Price | 115800.000000000 |
| Next Low | 114720.810000000 |
| 2nd Low | 114384.000000000 |
| 3rd Low | 113430.000000000 |
117900.000000000 – 117896.000000000 – 117286.730000000 – 116612.030000000 – 116977.590000000 – 114720.810000000 — 26.904249572978 – 25.264288988807
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – Double top chart pattern – –