The pair Bitcoin/Tether (BTC/USDT) breaks through the descending trendline up.
The bullish trend up to the next resistance line at 79360 will continue.
Caution: A possible trend reversal in the direction of the support zone at 74604 should always be considered.
Consider stop-loss settings accordingly.
There is also a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bullish chart signal. The currency pair could go up.
There is also a ‘Three Outside Up’ candlestick chart pattern is discovered. The candles show ‘Three Outside Up’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 90600 |
| 2nd High | 84621.16 |
| Next High | 79360 |
| Current Price | 76475.520000000 |
| Next Low | 74604 |
| 2nd Low | 74508 |
| 3rd Low |
79360 – 84621.16 – 90600 – 77644.09 – 74604 – 75719.9 —
78349.240000000 – 75302.760000000 —
47.242906686214 – 20.081219308306 —
– —
79360 – 1770044400
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – Double top retreat up – –