The pair Bitcoin/Tether (BTC/USDT) breaks through the bullish trendline upwards
A continuation of the upward movement up to the next resistance at 117944.050000000 is likely expected.
Caution: A possible trend reversal in the direction of the support line at 114259.000000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘StochRSI cross above 20’ indicator layout is existing. The indicator shows ‘StochRSI cross above 20’. which is often a bullish signal. The pair is likely to go up.
There is also a ‘Three White Soldiers’ candlestick chart pattern is found. The chart forms ‘Three White Soldiers’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 118922.450000000 |
| 2nd High | 118879.140000000 |
| Next High | 117944.050000000 |
| Current Price | 116749.470000000 |
| Next Low | 114259.000000000 |
| 2nd Low | 113579.900000000 |
| 3rd Low | 113355.130000000 |
117944.050000000 – 115716.000000000 – 114417.020000000 – 114259.000000000 – 113579.900000000 – 113355.130000000 — 49.61827585976 – 54.19250218907
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three White Soldiers – Double bottom chart pattern – –