There is also a ‘Double top chart pattern’ chart formation is discovered. The chart picture shows ‘Double top chart pattern’. which is a negative signal. The currency pair is likely to go down.
The combination Bitcoin/Tether (BTC/USDT) moves from the bearish trendline down.
A continuation of the downtrend down to the next support level at 88608 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 93160 could be enabled.
Consider stop-loss settings accordingly.
There is also a ‘RSI fall below 30’ indicator signal is discovered. The indicator is ‘RSI fall below 30’. this is usually a bearish chart signal. The currency pair is likely to fall.
There is also a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.
There is also a ‘Three Outside Down’ candle pattern is detected. The chart shows ‘Three Outside Down’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 96043 |
| 2nd High | 93836.01 |
| Next High | 93160 |
| Current Price | 87878.100000000 |
| Next Low | 88608 |
| 2nd Low | 83709.25 |
| 3rd Low | 83034.23 |
93160 – 92384.61 – 93836.01 – 88608 – 90025.06 – 89253.78 — 34.912317645546 – 25.628054126324 — 0 – 0 – 4.736759712897 – 0.24087024087024
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – Double top chart pattern – –