BTC/USDT – 4H – BUYThe currency pair breaks through the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance level at will persist.
Caution: A possible trend reversal in the direction of the support level at 66835.000000000 should be noted.
Consider stop-loss settings accordingly.
And also a ‘Three White Soldiers’ chart pattern is discovered. The candles form ‘Three White Soldiers’. which is a positive pattern 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’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 79130.100000000 |
| Next Low | 66835.000000000 |
| 2nd Low | 65260.000000000 |
| 3rd Low | 62050.000000000 |