BTC/USDT – 1H – BUYThe currency pair Bitcoin/Tether (BTC/USDT) moves from the ascending trendline upwards
A continuation of the bullish trend up to the next resistance at 94789.08 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The currency pair could go up.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is likely expected. Current target is 94789.08 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 94789.08 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Three White Soldiers’ chart pattern is discovered. The candles show ‘Three White Soldiers’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 96635.11 |
| 2nd High | 96043 |
| Next High | 94789.08 |
| Current Price | 93362.680000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
94789.08 – 93388 – 88088.1 – 90863.47 – 87250 – 86806.5 — 51.532071576975 – 52.686077887589 — 50.723244236481 – 68.511633869624 – 33.630678945082 – 50.731434594648
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three White Soldiers – Rising Wedge Chart Pattern – –