The combination Bitcoin/Tether (BTC/USDT) breaks through the descending trendline up.
An ascent up to the next resistance at 119233.710000000 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 116128.000000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The currency pair could go up.
Then a ‘Three White Soldiers’ candlestick pattern is discovered. The chart shows ‘Three White Soldiers’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 120820.710000000 |
| 2nd High | 119676.730000000 |
| Next High | 119233.710000000 |
| Current Price | 119154.990000000 |
| Next Low | 116128.000000000 |
| 2nd Low | 115736.920000000 |
| 3rd Low | 107429.570000000 |
117950.000000000 – 119233.710000000 – 119676.730000000 – 116128.000000000 – 116467.020000000 – 117723.230000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Three White Soldiers –