BTC/USDT – 1H – BUY

The pair Bitcoin/Tether (BTC/USDT) breaks through the descending trendline up.

The bullish trend upwards to the next resistance at 118490.710000000 is expected.

Caution: A possible reversal of the trend in the direction of the support zone at 116900.050000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The currency pair could go up.

Furthermore a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bullish chart signal. The currency pair is likely to rise.

Furthermore a ‘Three White Soldiers’ candle chart pattern is found. The chart shows ‘Three White Soldiers’. 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 probability of ‘Three White Soldiers’ heading up is 82%.

118490.710000000 – 123218.000000000 – 118200.000000000 – 116900.050000000 – 116604.870000000 – 107429.570000000

Trading Signals: FOREX – BTC – BTC/USDT – USDT – Three White Soldiers – Double bottom chart pattern