There is also a ‘Double top retreat up’ chart pattern is detected. The chart shows ‘Double top retreat up’. which is a positive pattern signal. The pair is likely to go up.
The currency pair Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline upwards
A bullish movement up to the next resistance level at 118499.900000000 is expected.
Caution: A possible counter-trend in the direction of the support level at 116812.760000000 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 120998.710000000 |
| 2nd High | 120820.710000000 |
| Next High | 118499.900000000 |
| Current Price | 118007.880000000 |
| Next Low | 116812.760000000 |
| 2nd Low | 115736.920000000 |
| 3rd Low | 107429.570000000 |
118499.900000000 – 118371.420000000 – 120820.710000000 – 117943.250000000 – 116812.760000000 – 118395.000000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – – Double top retreat up