The combination Bitcoin/Tether (BTC/USDT) breaks through the descending trendline upwards
An ascent up to the next resistance level at 120324.430000000 is likely expected.
Caution: A possible change in the direction of the support zone at could happen.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The pair is likely to go up.
Additionally a ‘Three White Soldiers’ chart pattern is detected. The chart shows ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 123218.000000000 |
| 2nd High | 122335.160000000 |
| Next High | 120324.430000000 |
| Current Price | 120044.490000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
120324.430000000 – 119275.460000000 – 122335.160000000 – 118207.470000000 – 118050.110000000 – 118074.990000000 — 55.809607794309 – 59.354818665111
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three White Soldiers – Triple bottom chart pattern – –