BTC/USDT – 30M – BUYThe combination Bitcoin/Tether (BTC/USDT) goes from the descending trendline up.
The bullish trend upwards to the next resistance level at 118792.000000000 will continue.
Caution: A possible reversal of the trend in the direction of the support zone at 117358.840000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘RSI cross above 30’ indicator signal is found. The indicator is ‘RSI cross above 30’. which could be a positive chart scenario. The currency pair is likely to rise.
Next a ‘Bullish Engulfing’ candlestick chart pattern is detected. The chart forms ‘Bullish Engulfing’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 119800.000000000 |
| 2nd High | 119273.360000000 |
| Next High | 118792.000000000 |
| Current Price | 116916.730000000 |
| Next Low | 117358.840000000 |
| 2nd Low | 116950.750000000 |
| 3rd Low | 114908.000000000 |
118792.000000000 – 118481.810000000 – 119273.360000000 – 117358.840000000 – 116950.750000000 – 117450.000000000 — 29.153420420222 – 38.284332539853
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bullish Engulfing – –