BTC/USDT – 1H – BUYThe combination Bitcoin/Tether (BTC/USDT) breaks through the ascending trendline upwards
A continuation of the bullish trend up to the next resistance level at 122335.160000000 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 118207.470000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘RSI cross above 70’ indicator layout is found. The indicator shows ‘RSI cross above 70’. this is usually a bullish signal. The currency pair is likely to rise.
In addition a ‘Three White Soldiers’ chart pattern is discovered. The candles show ‘Three White Soldiers’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 123218.000000000 |
| Next High | 122335.160000000 |
| Current Price | 120192.100000000 |
| Next Low | 118207.470000000 |
| 2nd Low | 118050.110000000 |
| 3rd Low | 116359.890000000 |
122335.160000000 – 117944.050000000 – 115716.000000000 – 118207.470000000 – 118050.110000000 – 116359.890000000 — 55.071604427353 – 60.429879645382
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three White Soldiers – – –