BTC/USDT – 1H – BUYThe pair Bitcoin/Tether (BTC/USDT) breaks through the descending trendline upwards
The bullish trend up to the next resistance line at 120998.710000000 will persist.
Caution: A possible change in the direction of the support level at 117453.570000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bullish chart scenario. The pair is likely to go up.
Moreover a ‘Three White Soldiers’ candle pattern is discovered. The candles form ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 123218.000000000 |
| Next High | 120998.710000000 |
| Current Price | 117924.840000000 |
| Next Low | 117453.570000000 |
| 2nd Low | 115736.920000000 |
| 3rd Low | 107429.570000000 |
120998.710000000 – 120063.840000000 – 118490.710000000 – 117453.570000000 – 115736.920000000 – 116900.050000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Three White Soldiers –