BTC/USDT – 30M – BUYThe currency pair jumps from the bullish trendline up.
A continuation of the upward movement up to the next resistance line at 58088.000000000 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 56386.400000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 58088 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of resistance at 58088.000000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 59350.000000000 |
| 2nd High | 58519.000000000 |
| Next High | 58088.000000000 |
| Current Price | 57354.160000000 |
| Next Low | 56386.400000000 |
| 2nd Low | 54804.000000000 |
| 3rd Low | 53629.010000000 |