BTC/USDT – 30M – BUY

The currency pair Bitcoin/Tether (BTC/USDT) breaks through the descending trendline upwards

A bullish trend up to the next resistance level at 114228.880000000 is expected.

Caution: A possible change in the direction of the support line at 112650.000000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The pair is likely to go up.

Moreover a ‘StochRSI cross above 20’ indicator layout is existing. The indicator shows ‘StochRSI cross above 20’. which is often a bullish chart scenario. The pair is likely to go up.

Moreover a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The currency pair could go up.

Moreover a ‘Three Outside Up’ candlestick chart pattern is detected. The candles show ‘Three Outside Up’. which is a positive pattern 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).

114228.880000000 – 115096.730000000 – 115340.000000000 – 112650.000000000 – 114121.000000000 – 114148.580000000 — 53.814931212463 – 57.849671850907

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – – –