The pair Bitcoin/Tether (BTC/USDT) breaks through the descending trendline up.
A bullish movement up to the next resistance level at 63907.07 is expected.
Caution: A possible change in the direction of the support zone at 62316.44 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart signal. The pair is likely to go up.
And also a ‘MACD crosses above signal’ indicator signal is existing. The indicator shows ‘MACD crosses above signal’. which could be a positive chart signal. The pair is likely to go up.
And also a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bullish chart signal. The currency pair could go up.
And also a ‘Three Outside Up’ chart pattern is detected. The chart shows ‘Three Outside Up’. 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 probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 66445.93 |
| 2nd High | 64806 |
| Next High | 63907.07 |
| Current Price | 64185.990000000 |
| Next Low | 62316.44 |
| 2nd Low | 62272.07 |
| 3rd Low | 61104.24 |
63907.07 – 63419.27 – 64806 – 62316.44 – 62386.9 – 62272.07 —
63678.000000000 – 63412.000000000 —
57.89640836194 – 43.725404281058 —
– —
63907.07 – 1781931600
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – – –