BTC/USDT – 1H – BUYThe pair Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline up.
The bullish trend upwards to the next resistance line at 120247.800000000 is expected.
Caution: A possible counter-trend in the direction of the support level at 117301.000000000 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 119275.5272 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance line at 120247.800000000 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 123218.000000000 |
| 2nd High | 120998.710000000 |
| Next High | 120247.800000000 |
| Current Price | 118600.000000000 |
| Next Low | 117301.000000000 |
| 2nd Low | 116128.000000000 |
| 3rd Low | 115736.920000000 |
120247.800000000 – 119676.730000000 – 118856.800000000 – 117301.000000000 – 116128.000000000 – 116467.020000000