The combination Bitcoin/Tether (BTC/USDT) moves from the descending trendline down.
A continuation of the downtrend down to the next support at 65618.49 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 73913.74 could happen.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ” indicator layout is discovered. The indicator is ”. which could be a negative chart scenario. The currency pair is likely to fall.
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There is also a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair is likely to fall.
There is also a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will continue. Target of the current trend is 71580.49992 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 73913.74 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 90600 |
| 2nd High | 74050 |
| Next High | 73913.74 |
| Current Price | 73231.800000000 |
| Next Low | 65618.49 |
| 2nd Low | 63030 |
| 3rd Low | 62510.28 |
73913.74 – 71777 – 74050 – 65618.49 – 63030 – 62510.28 —
71253.170000000 – 74330.340000000 —
56.848433530203 – 71.502648271015 —
– —
73913.74 – 1773403200