The combination Bitcoin/Tether (BTC/USDT) breaks through the descending trendline upwards
A bullish trend upwards to the next resistance line at 114260.310000000 is certain.
Caution: A possible counter-trend in the direction of the support level at could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish signal. The currency pair could go up.
Also there is a ‘Three Outside Up’ chart pattern is discovered. The candles show ‘Three Outside Up’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 118879.140000000 |
| 2nd High | 116019.300000000 |
| Next High | 114260.310000000 |
| Current Price | 114020.090000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
114260.310000000 – 114063.490000000 – 116019.300000000 – 111920.000000000 – 112003.000000000 – 112722.580000000 — 58.533223197487 – 59.150309696642
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – – –