Then a ‘Inverse Head and Shoulder chart pattern’ chart pattern is existing. The chart forms ‘Inverse Head and Shoulder chart pattern’. this is a bullish chart scenario. The pair is likely to go up.
The pair Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance at 117286.730000000 is certain.
Caution: A possible change in the direction of support at 114737.110000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bullish signal. The currency pair could go up.
Then a ‘Three Outside Up’ chart pattern is existing. The candles show ‘Three Outside Up’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 118575.000000000 |
| 2nd High | 117429.050000000 |
| Next High | 117286.730000000 |
| Current Price | 115751.660000000 |
| Next Low | 114737.110000000 |
| 2nd Low | 114384.000000000 |
| 3rd Low | 113430.000000000 |
117286.730000000 – 116757.990000000 – 116165.190000000 – 114737.110000000 – 114384.000000000 – 115127.270000000 — 42.343058366689 – 44.219818125288
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – Inverse Head and Shoulder chart pattern – –