BTC/USDT – 30M – SELLThe combination Bitcoin/Tether (BTC/USDT) moves from the descending trendline downwards
A continuation of the downtrend downwards to the next support level at 80600 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 86860 could be enabled.
Consider stop-loss settings accordingly.
Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair is likely to fall.
Then a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.
Then a ‘Southern Doji’ candlestick pattern is discovered. The candles show ‘Southern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 92541.92 |
| 2nd High | 88250 |
| Next High | 86860 |
| Current Price | 86046.470000000 |
| Next Low | 80600 |
| 2nd Low | 78969.58 |
| 3rd Low | 78464.36 |
86860 – 85572.82 – 88250 – 80600 – 86100 – 88608 — 54.954531488862 – 54.580835032632 — 42.360638576289 – 30.744133298438 – 46.789380325104 – 40.383262089622
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern – –