Also there is a ‘Double bottom chart pattern’ chart layout is discovered. The chart picture forms ‘Double bottom chart pattern’. which is a positive chart scenario. The pair is likely to go up.
The pair Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance line at 110529.180000000 will persist.
Caution: A possible trend reversal in the direction of the support level at is also possible.
Consider stop-loss settings accordingly.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The currency pair could go up.
Also there is a ‘Rising Window’ candle chart pattern is discovered. The candles form ‘Rising Window’. 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 ‘Rising Window’ heading up is 75% (Bull Market) & 72% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110718.000000000 |
| 2nd High | 110530.170000000 |
| Next High | 110529.180000000 |
| Current Price | 116672.570000000 |
| 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 – Rising Window – Double bottom chart pattern