BTC/USDT – 30M – BUYThe currency pair Bitcoin/Tether (BTC/USDT) breaks through the descending trendline upwards
An ascending movement up to the next resistance at 116019.300000000 is expected.
Caution: A possible change in the direction of the support zone at 114121.000000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘StochRSI cross above 20’ indicator signal is discovered. The indicator is ‘StochRSI cross above 20’. which is often a bullish chart signal. The currency pair could go up.
In addition a ‘Inverted Hammer’ chart pattern is found. The candles form ‘Inverted Hammer’. 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 ‘Inverted Hammer’ heading up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 118922.450000000 |
| 2nd High | 118879.140000000 |
| Next High | 116019.300000000 |
| Current Price | 114811.960000000 |
| Next Low | 114121.000000000 |
| 2nd Low | 113579.690000000 |
| 3rd Low | 111920.000000000 |
115000.000000000 – 114260.310000000 – 114063.490000000 – 114121.000000000 – 114148.580000000 – 113579.690000000 — 48.823997055571 – 50.505727184556
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Inverted Hammer – Double bottom chart pattern – –