BTC/USDT – 4H – BUYThe pair Bitcoin/Tether (BTC/USDT) moves from the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance at 110530.170000000 is considered certain.
Caution: A possible reversal of the trend in the direction of support at 102664.310000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a positive chart signal. The currency pair is likely to rise.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 109986.44234 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 110530.170000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 111980.000000000 |
| 2nd High | 110718.000000000 |
| Next High | 110530.170000000 |
| Current Price | 108255.960000000 |
| Next Low | 102664.310000000 |
| 2nd Low | 102000.000000000 |
| 3rd Low | 100718.370000000 |
110530.170000000 – 106794.670000000 – 110718.000000000 – 102664.310000000 – 104179.000000000 – 103659.880000000