The pair Bitcoin/Tether (BTC/USDT) goes from the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance level at 120324.430000000 is considered certain.
Caution: A possible counter-trend in the direction of the support level at should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The pair is likely to go up.
In addition a ‘Three Outside Up’ candle chart pattern is detected. The candles form ‘Three Outside Up’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 123218.000000000 |
| 2nd High | 122335.160000000 |
| Next High | 120324.430000000 |
| Current Price | 119580.400000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
120324.430000000 – 122335.160000000 – 117944.050000000 – 118207.470000000 – 118050.110000000 – 116359.890000000 — 49.639484415131 – 52.048107883123
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – Double bottom chart pattern – –