The pair Bitcoin/Tether (BTC/USDT) goes from the bearish trendline up.
A bullish movement up to the next resistance line at 119233.710000000 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 116467.020000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is likely expected. Current target is 117153.89794 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance line at 119233.710000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 120820.710000000 |
| 2nd High | 119676.730000000 |
| Next High | 119233.710000000 |
| Current Price | 117750.010000000 |
| Next Low | 116467.020000000 |
| 2nd Low | 115736.920000000 |
| 3rd Low | 107429.570000000 |
119233.710000000 – 119676.730000000 – 118856.800000000 – 116467.020000000 – 117723.230000000 – 117277.340000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – – Double bottom chart pattern