The pair Bitcoin/Tether (BTC/USDT) moves from the bullish trendline downwards
A bearish trend down to the next support level at 115408.470000000 will continue.
Caution: A possible trend reversal in the direction of resistance at 115985.200000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The currency pair is likely to fall.
There is also a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.
There is also a ‘Two Crows’ candlestick chart pattern is discovered. The candles form ‘Two 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 success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 117995.370000000 |
| 2nd High | 117900.000000000 |
| Next High | 115985.200000000 |
| Current Price | 115821.720000000 |
| Next Low | 115408.470000000 |
| 2nd Low | 115100.000000000 |
| 3rd Low | 114720.810000000 |
115985.200000000 – 115730.410000000 – 117900.000000000 – 115408.470000000 – 115100.000000000 – 116612.030000000 — 49.91468024643 – 48.393019550386
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – – –