BTC/USDT – 1H – SELLThe pair Bitcoin/Tether (BTC/USDT) jumps from the descending trendline downwards
A continuation of the downward movement downwards to the next support level at 62829.81 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 64762.77 is within the realm of possibility.
Consider stop-loss settings accordingly.
And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The pair is likely to go down.
And also a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 74275.66 |
| 2nd High | 74198 |
| Next High | 64762.77 |
| Current Price | 63732.640000000 |
| Next Low | 62829.81 |
| 2nd Low | 62348 |
| 3rd Low | 60755 |
64762.77 – 64394.44 – 63933.02 – 62829.81 – 62348 – 60755 —
64513.820000000 – 64153.750000000 —
59.710913878075 – 42.000187583337 —
– —
64762.77 – 1781384400