BTC/USDT – 1H – BUYThe pair Bitcoin/Tether (BTC/USDT) breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance line at 117944.050000000 will continue.
Caution: A possible reversal of the trend in the direction of support at 114259.000000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘RSI cross above 70’ indicator signal is found. The indicator is ‘RSI cross above 70’. this is usually a bullish chart signal. The currency pair is likely to rise.
Additionally a ‘Bullish Engulfing’ candlestick chart pattern is discovered. The candles form ‘Bullish Engulfing’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 119273.360000000 |
| 2nd High | 118922.450000000 |
| Next High | 117944.050000000 |
| Current Price | 116778.070000000 |
| Next Low | 114259.000000000 |
| 2nd Low | 112650.000000000 |
| 3rd Low | 111920.000000000 |
117944.050000000 – 115716.000000000 – 115720.000000000 – 114259.000000000 – 112650.000000000 – 114121.000000000 — 57.567703110194 – 61.469666359235
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bullish Engulfing – – –