Then a ‘Double top chart pattern’ chart pattern is existing. The chart picture forms ‘Double top chart pattern’. which is a negative chart scenario. The currency pair is likely to fall.
The pair Bitcoin/Tether (BTC/USDT) jumps from the descending trendline down.
A continuation of the bearish trend down to the next support at 0 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0 |
| 2nd High | 0 |
| Next High | 0 |
| Current Price | 85633.400000000 |
| Next Low | 0 |
| 2nd Low | 0 |
| 3rd Low | 0 |
88250 – 92541.92 – 93160 – 86100 – 88608 – 90025.06 — 38.047521412517 – 33.514417709522 — 67.765788657308 – 65.376310011644 – 52.683765208041 – 61.484198537683
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – – Double top chart pattern – –