And also a ‘Rising Wedge Chart Pattern’ chart layout is found. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.
The combination Bitcoin/Tether (BTC/USDT) goes from the bullish trendline downwards
A bearish trend down to the next support at 73724.31 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 76240.66 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The pair is likely to go down.
And also a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bearish chart signal. The pair is likely to go down.
And also a ‘Shooting Star’ candle chart pattern is discovered. The chart shows ‘Shooting Star’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 79084.29 |
| 2nd High | 78333 |
| Next High | 76240.66 |
| Current Price | 74817.710000000 |
| Next Low | 73724.31 |
| 2nd Low | 73580.85 |
| 3rd Low | 73514 |
76240.66 – 75891.64 – 78333 – 73724.31 – 74867.72 – 75445.16 —
74640.650000000 – 75572.000000000 —
49.079809701854 – 61.397950541402 —
– —
76240.66 – 1776603600
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Shooting Star – Rising Wedge Chart Pattern – –