BTC/USDT – 4H – BUYThe combination Bitcoin/Tether (BTC/USDT) moves from the bullish trendline up.
A continuation of the uptrend up to the next resistance line at 110529.180000000 will continue.
Caution: A possible reversal of the trend in the direction of support at could be enabled.
Consider stop-loss settings accordingly.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 110529.18 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 110529.180000000 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110718.000000000 |
| 2nd High | 110530.170000000 |
| Next High | 110529.180000000 |
| Current Price | 108263.830000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
110529.180000000 – 108272.450000000 – 106524.650000000 – 107245.000000000 – 106733.330000000 – 106356.760000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – – Head and Shoulder chart pattern