The combination Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline downwards
A descending movement downwards to the next support level at 87704 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 90600 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ” indicator signal is found. The indicator shows ”. which could be a negative signal. The currency pair is likely to fall.
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Besides a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair is likely to fall.
Besides a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a negative signal. The currency pair could go down.
Besides a ‘Three Black Crows’ candle pattern is existing. The candles show ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 93420 |
| 2nd High | 91224.99 |
| Next High | 90600 |
| Current Price | 84934.020000000 |
| Next Low | 87704 |
| 2nd Low | 87304.33 |
| 3rd Low | 87035.51 |
90600 – 89523.16 – 89010 – 87704 – 88833.65 – 87304.33 —
88338.670000000 – 88182.290000000 —
41.571978953825 – 41.140163323359 —
– —
90600.00000 – 1769619600
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –