Also there is a ‘Double bottom chart pattern’ chart pattern is detected. The chart shows ‘Double bottom chart pattern’. which is a positive pattern signal. The currency pair is likely to rise.
The pair Bitcoin/Tether (BTC/USDT) breaks through the descending trendline up.
An ascent up to the next resistance level at 120063.840000000 is expected.
Caution: A possible counter-trend in the direction of the support zone at 117453.570000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive signal. The currency pair could go up.
Also there is a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bullish chart signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 120063.84 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 120063.840000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 123218.000000000 |
| Next High | 120063.840000000 |
| Current Price | 119436.860000000 |
| Next Low | 117453.570000000 |
| 2nd Low | 117017.290000000 |
| 3rd Low | 115736.920000000 |
119192.000000000 – 120063.840000000 – 118195.000000000 – 117453.570000000 – 118181.140000000 – 117017.290000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – – Double bottom chart pattern