The combination Bitcoin/Tether (BTC/USDT) breaks through the descending trendline up.
A bullish movement up to the next resistance line at 118814.470000000 is expected.
Caution: A possible counter-trend in the direction of support at should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart scenario. The pair is likely to go up.
Also there is a ‘Bullish Belt Hold’ candle chart pattern is discovered. The chart forms ‘Bullish Belt Hold’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 120247.800000000 |
| 2nd High | 119273.360000000 |
| Next High | 118814.470000000 |
| Current Price | 119005.610000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
118814.470000000 – 119273.360000000 – 118708.240000000 – 117103.100000000 – 117301.000000000 – 117550.000000000 — 49.96091269462 – 56.496037308486
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bullish Belt Hold – –