The currency pair Bitcoin/Tether (BTC/USDT) breaks through the descending trendline upwards
The bullish trend up to the next resistance level at 64896 is expected.
Caution: A possible counter-trend in the direction of the support level at could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The pair is likely to go up.
Moreover a ‘Three White Soldiers’ candle chart pattern is detected. The chart forms ‘Three White Soldiers’. this is a bullish signal. The currency 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 | 65600 |
| 2nd High | 64997.52 |
| Next High | 64896 |
| Current Price | 64024.000000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
64896 – 64997.52 – 65600 – 62666 – 63838.28 – 64392.01 —
63200.000000000 – 63562.010000000 —
42.178601504552 – 56.34688147994 —
– —
64896 – 1784214000
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three White Soldiers – – –