BTC/USDT – 30M – BUYThe currency pair Bitcoin/Tether (BTC/USDT) jumps from the descending trendline upwards
A bullish trend up to the next resistance line at 97351.570000000 is expected.
Caution: A possible trend reversal in the direction of the support zone at 94256.540000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Inverted Hammer’ chart pattern is discovered. The chart forms ‘Inverted Hammer’. which is a positive pattern 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’ going up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 107000.000000000 |
| 2nd High | 98057.510000000 |
| Next High | 97351.570000000 |
| Current Price | 94449.990000000 |
| Next Low | 94256.540000000 |
| 2nd Low | 94150.050000000 |
| 3rd Low | 90500.000000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Inverted Hammer