The currency pair Bitcoin/Tether (BTC/USDT) moves from the ascending trendline up.
A continuation of the bullish trend up to the next resistance line at 116109.000000000 is likely expected.
Caution: A possible change in the direction of the support level at 115449.590000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three White Soldiers’ candlestick pattern is detected. The chart shows ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to rise. 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 | 116665.630000000 |
| 2nd High | 116166.710000000 |
| Next High | 116109.000000000 |
| Current Price | 116018.530000000 |
| Next Low | 115449.590000000 |
| 2nd Low | 115127.270000000 |
| 3rd Low | 114740.990000000 |
116109.000000000 – 116166.710000000 – 116665.630000000 – 115449.590000000 – 115127.270000000 – 115576.260000000 — 56.626619279887 – 60.534357532787
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three White Soldiers – – –