BTC/USDT – 30M – BUYThe pair Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline up.
A continuation of the upward movement upwards to the next resistance at 117825.000000000 will persist.
Caution: A possible change in the direction of the support level at 117143.980000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Inverted Hammer’ candlestick chart pattern is detected. The chart shows ‘Inverted Hammer’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Inverted Hammer’ going up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 119216.820000000 |
| 2nd High | 117898.990000000 |
| Next High | 117825.000000000 |
| Current Price | 117460.560000000 |
| Next Low | 117143.980000000 |
| 2nd Low | 116803.990000000 |
| 3rd Low | 116359.890000000 |
117825.000000000 – 117898.990000000 – 119216.820000000 – 117143.980000000 – 116803.990000000 – 117180.000000000 — 40.346829547884 – 41.955111406355
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Inverted Hammer – – –