Then a ‘Double top retreat up’ chart pattern is existing. The chart forms ‘Double top retreat up’. this is a bullish chart scenario. The currency pair is likely to rise.
The combination Bitcoin/Tether (BTC/USDT) breaks through the descending trendline upwards
A bullish trend up to the next resistance level at 118499.900000000 will persist.
Caution: A possible change in the direction of support at 116812.760000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 120998.710000000 |
| 2nd High | 120820.710000000 |
| Next High | 118499.900000000 |
| Current Price | 118007.880000000 |
| Next Low | 116812.760000000 |
| 2nd Low | 115736.920000000 |
| 3rd Low | 107429.570000000 |
118499.900000000 – 118371.420000000 – 120820.710000000 – 117943.250000000 – 116812.760000000 – 118395.000000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – – Double top retreat up