BTC/USDT – 4H – BUY

The combination Bitcoin/Tether (BTC/USDT) breaks through the descending trendline up.

A bullish movement up to the next resistance level at 120998.710000000 will continue.

Caution: A possible trend reversal in the direction of the support level at could happen.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The pair is likely to go up.

In addition a ‘RSI cross above 30’ indicator layout is detected. The indicator is ‘RSI cross above 30’. this is usually a bullish chart scenario. The pair is likely to go up.

In addition a ‘Hammer’ candlestick chart pattern is detected. The candles show ‘Hammer’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Hammer’ going up is 60% (Bull Market) & 59% (Bear Market).

120998.710000000 – 123218.000000000 – 118869.980000000 – 116128.000000000 – 116812.760000000 – 115736.920000000

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Hammer – Triple top chart pattern –