BTC/USDT – 1H – BUYThe pair Bitcoin/Tether (BTC/USDT) breaks through the descending trendline upwards
An ascending movement upwards to the next resistance at 93160 will persist.
Caution: A possible counter-trend in the direction of the support zone at could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The pair is likely to go up.
Next a ‘Three White Soldiers’ candlestick pattern is existing. The chart shows ‘Three White Soldiers’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 96043 |
| 2nd High | 93836.01 |
| Next High | 93160 |
| Current Price | 86928.310000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
93160 – 92384.61 – 93836.01 – 80600 – 88608 – 90025.06 — 57.488904127012 – 60.643793977737 — 75.004004123704 – 87.134309427303 – 74.475342578993 – 78.872283764271
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three White Soldiers – Double bottom chart pattern – –