The pair Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance level at 114417.020000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the support line at is within the realm of possibility.
Consider stop-loss settings accordingly.
Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart signal. The pair is likely to go up.
Also there is a ‘StochRSI cross above 20’ indicator signal is detected. The indicator shows ‘StochRSI cross above 20’. which is often a bullish chart signal. The pair is likely to go up.
Also there is a ‘Bullish Belt Hold’ candlestick pattern is discovered. The chart shows ‘Bullish Belt Hold’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 115340.000000000 |
| 2nd High | 115096.730000000 |
| Next High | 114417.020000000 |
| Current Price | 115187.960000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
114417.020000000 – 114228.880000000 – 115096.730000000 – 113355.130000000 – 112650.000000000 – 114121.000000000 — 52.604270577959 – 69.591798228719
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bullish Belt Hold – – –