Then a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
The currency pair Bitcoin/Tether (BTC/USDT) goes from the bullish trendline down.
A bearish descent down to the next support line at 77174.01 is likely expected.
Caution: A possible change in the direction of the resistance level at 79472.82 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The pair is likely to go down.
Then a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 84737.69 |
| 2nd High | 84621.16 |
| Next High | 79472.82 |
| Current Price | 78300.010000000 |
| Next Low | 77174.01 |
| 2nd Low | 74821.57 |
| 3rd Low | 74702 |
79472.82 – 78452.18 – 76927.57 – 77174.01 – 77453.43 – 74821.57 —
77757.310000000 – 78662.500000000 —
43.748065130025 – 60.988344415767 —
– —
79472.82 – 1776873600
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – – Rising Wedge Chart Pattern – –