The currency pair Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline upwards
A bullish ascent upwards to the next resistance level at 118195.000000000 will continue.
Caution: A possible reversal of the trend in the direction of the support zone at should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair could go up.
Then a ‘Three White Soldiers’ candle chart pattern is detected. The chart forms ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 123218.000000000 |
| 2nd High | 118490.710000000 |
| Next High | 118195.000000000 |
| Current Price | 117869.820000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
118195.000000000 – 118490.710000000 – 123218.000000000 – 115736.920000000 – 116250.000000000 – 119202.000000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Three White Soldiers –