BTC/USDT – 30M – BUYAlso there is a ‘Falling Wedge Chart Pattern’ chart formation is found. The chart picture shows ‘Falling Wedge Chart Pattern’. this is a bullish signal. The currency pair is likely to rise.
The combination Bitcoin/Tether (BTC/USDT) breaks through the bullish trendline up.
A continuation of the uptrend upwards to the next resistance at 106128.570000000 is likely expected.
Caution: A possible trend reversal in the direction of support at 104494.530000000 could be enabled.
Consider stop-loss settings accordingly.
Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart signal. The currency pair could go up.
Also there is a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 108450.160000000 |
| 2nd High | 106252.000000000 |
| Next High | 106128.570000000 |
| Current Price | 106386.000000000 |
| Next Low | 104494.530000000 |
| 2nd Low | 104300.000000000 |
| 3rd Low | 104118.000000000 |
105838.240000000 – 106128.570000000 – 106252.000000000 – 104494.530000000 – 104867.640000000 – 104300.000000000