The combination Bitcoin/Tether (BTC/USDT) breaks through the descending trendline upwards
The bullish trend up to the next resistance level at 71751.33 will continue.
Caution: A possible counter-trend in the direction of the support zone at should be noted.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The pair is likely to go up.
And also a ‘Three Outside Up’ candlestick chart pattern is found. The candles show ‘Three Outside Up’. 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 likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 76971.52 |
| 2nd High | 71978.58 |
| Next High | 71751.33 |
| Current Price | 71454.660000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
71751.33 – 71500 – 66826.5 – 68787.34 – 68531.5 – 69718 —
70796.990000000 – 71050.000000000 —
71.641184087393 – 68.390751591743 —
– —
71751.33 – 1770418800
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – – –