The currency pair Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline upwards
A bullish movement up to the next resistance at 91790.000000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the support line at 87754.450000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 91790 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 91790.000000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Three White Soldiers’ candle chart pattern is detected. The chart forms ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | |
Next High | 91790.000000000 |
Current Price | 90904.530000000 |
Next Low | 87754.450000000 |
2nd Low | 86668.210000000 |
3rd Low | 85229.000000000 |