The currency pair Bitcoin/Tether (BTC/USDT) breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance level at 120998.710000000 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 117277.340000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bullish signal. The pair is likely to go up.
Also there is a ‘Three White Soldiers’ candlestick pattern is found. The candles show ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 123218.000000000 |
| Next High | 120998.710000000 |
| Current Price | 119362.670000000 |
| Next Low | 117277.340000000 |
| 2nd Low | 116812.760000000 |
| 3rd Low | 115736.920000000 |
118856.800000000 – 118499.900000000 – 120998.710000000 – 117277.340000000 – 116812.760000000 – 117453.570000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Three White Soldiers –