BTC/USDT – 30M – BUY

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

An ascent up to the next resistance level at 118708.240000000 is certain.

Caution: A possible reversal of the trend in the direction of support at 117301.000000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘RSI cross above 30’ indicator signal is found. The indicator shows ‘RSI cross above 30’. which could be a positive chart scenario. The currency pair is likely to rise.

And also a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The currency pair is likely to rise.

And also a ‘Three Outside Up’ candle chart pattern is found. The chart shows ‘Three Outside Up’. 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 chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

118708.240000000 – 120247.800000000 – 117950.000000000 – 117301.000000000 – 117550.000000000 – 116128.000000000

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – Double top retreat up –