The pair Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance line at 118856.800000000 is certain.
Caution: A possible counter-trend in the direction of support at 116467.020000000 could be enabled.
Consider stop-loss settings accordingly.
Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish signal. The currency pair is likely to rise.
Also there is a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a positive signal. The pair is likely to go up.
Also there is a ‘Three White Soldiers’ candle pattern is existing. The candles form ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 120998.710000000 |
| 2nd High | 120820.710000000 |
| Next High | 118856.800000000 |
| Current Price | 118488.180000000 |
| Next Low | 116467.020000000 |
| 2nd Low | 115736.920000000 |
| 3rd Low | 107429.570000000 |
118856.800000000 – 118499.900000000 – 118371.420000000 – 116467.020000000 – 117723.230000000 – 117277.340000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Three White Soldiers –