BTC/USDT – 30M – BUYThe pair Bitcoin/Tether (BTC/USDT) breaks through the bullish trendline upwards
A continuation of the upward movement up to the next resistance at 118438.830000000 is considered certain.
Caution: A possible change in the direction of the support level at 117859.980000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Bullish Engulfing’ chart pattern is discovered. The candles show ‘Bullish Engulfing’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 120247.800000000 |
| 2nd High | 119450.000000000 |
| Next High | 118438.830000000 |
| Current Price | 119247.430000000 |
| Next Low | 117859.980000000 |
| 2nd Low | 117825.500000000 |
| 3rd Low | 117304.460000000 |
118438.830000000 – 118297.350000000 – 118220.000000000 – 117859.980000000 – 117825.500000000 – 117304.460000000 — 72.195210886719 – 73.019497783975
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bullish Engulfing – –