The combination Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance at 64896 is certain.
Caution: A possible counter-trend in the direction of the support line at 62666 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The currency pair could go up.
Furthermore a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a positive chart scenario. The currency pair is likely to rise.
Furthermore a ‘Inverted Hammer’ chart pattern is existing. The candles form ‘Inverted Hammer’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Inverted Hammer’ heading up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 65600 |
| 2nd High | 64997.52 |
| Next High | 64896 |
| Current Price | 63242.680000000 |
| Next Low | 62666 |
| 2nd Low | 61824.97 |
| 3rd Low | 61705.29 |
64896 – 64997.52 – 65600 – 62666 – 63838.28 – 64392.01 —
63069.060000000 – 62960.000000000 —
35.379775003738 – 35.637448053106 —
– —
64896 – 1784214000
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Inverted Hammer – – –