The combination Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline downwards
A bearish movement downwards to the next support level at 79744.91 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 84621.16 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘MACD crosses below signal’ indicator layout is detected. The indicator is ‘MACD crosses below signal’. which is often a bearish chart scenario. The currency pair is likely to fall.
Furthermore a ‘Matching Low’ candle pattern is existing. The candles form ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 88500 |
| 2nd High | 84737.69 |
| Next High | 84621.16 |
| Current Price | 80842.630000000 |
| Next Low | 79744.91 |
| 2nd Low | 78202 |
| 3rd Low | 78084.08 |
80776.99 – 80635.51 – 78878.77 – 79744.91 – 78202 – 78288.88 —
81083.980000000 – 81095.000000000 —
69.350761429671 – 66.394164062448 —
– —
80776.99 – 1777915800
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Matching Low – – –