And also a ‘Double top chart pattern’ chart formation is existing. The chart picture forms ‘Double top chart pattern’. this is a bearish pattern signal. The pair is likely to go down.
The currency pair Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline downwards
A bearish descent downwards to the next support line at 89766.39 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 90472.4 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘RSI fall below 30’ indicator signal is discovered. The indicator shows ‘RSI fall below 30’. which could be a negative signal. The currency pair could go down.
And also a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair could go down.
And also a ‘Three Black Crows’ candlestick pattern is existing. The chart forms ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 92660.74 |
| 2nd High | 90634.55 |
| Next High | 90472.4 |
| Current Price | 89514.850000000 |
| Next Low | 89766.39 |
| 2nd Low | 89480 |
| 3rd Low | 88995.33 |
90472.4 – 90634.55 – 92660.74 – 89766.39 – 89932.99 – 89480 — 34.390857406148 – 25.163799157326 — 0 – 0 – 5.628694823365 – 1.7108938547486
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – Double top chart pattern – –