There is also a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.
The pair Bitcoin/Tether (BTC/USDT) moves from the ascending trendline downwards
A descent down to the next support level at 86116 is certain.
Caution: A possible change in the direction of the resistance level at 88155.65 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 92541.92 |
| 2nd High | 89228 |
| Next High | 88155.65 |
| Current Price | 87711.820000000 |
| Next Low | 86116 |
| 2nd Low | 85272 |
| 3rd Low | 80600 |
88155.65 – 87792.2 – 89228 – 86116 – 86666 – 87457.53 — 56.040822958535 – 54.269343460508 — 92.8780998092 – 83.764258865161 – 94.369814837026 – 90.732292528167
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – – Rising Wedge Chart Pattern – –