The combination Bitcoin/Tether (BTC/USDT) moves from the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance line at 118856.800000000 is expected.
Caution: A possible trend reversal in the direction of the support zone at 116467.020000000 could occur.
Consider stop-loss settings accordingly.
Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive signal. The currency pair could go up.
Also there is a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bullish signal. The pair is likely to go up.
Also there is a ‘Three White Soldiers’ candlestick pattern is found. The chart forms ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 120998.710000000 |
| 2nd High | 120820.710000000 |
| Next High | 118856.800000000 |
| Current Price | 118488.180000000 |
| Next Low | 116467.020000000 |
| 2nd Low | 115736.920000000 |
| 3rd Low | 107429.570000000 |
118856.800000000 – 118499.900000000 – 118371.420000000 – 116467.020000000 – 117723.230000000 – 117277.340000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Three White Soldiers –