BTC/USDT – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Current target is 89130.25 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 89957.39 is also possible.
Consider stop-loss settings accordingly.
Also there is a ‘Advance Block’ candle chart pattern is found. The chart shows ‘Advance Block’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Advance Block’ heading down is 64% (Bull Market) & 61% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 93420 |
| 2nd High | 91224.99 |
| Next High | 89957.39 |
| Current Price | 88091.990000000 |
| Next Low | 87035.510000000 |
| 2nd Low | |
| 3rd Low |
89957.39 – 91224.99 – 90088.94 – 87035.510000000 – 89162.08 – 88578.36 —
87746.780000000 – 87939.800000000 —
37.68196372506 – 45.189417356735 —
87035.510000000 – 1769448600 —
89957.39000 – 1769223600
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Advance Block – – –