BTC/USDT – 30M – BUYThe combination Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline up.
A bullish movement upwards to the next resistance line at 75891.64 is expected.
Caution: A possible change in the direction of the support level at 75445.16 should always be considered.
Consider stop-loss settings accordingly.
Besides a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The currency pair could go up.
Besides a ‘Bullish Engulfing’ candlestick chart pattern is detected. The candles show ‘Bullish Engulfing’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 79084.29 |
| 2nd High | 78333 |
| Next High | 75891.64 |
| Current Price | 75676.350000000 |
| Next Low | 75445.16 |
| 2nd Low | 74529.4 |
| 3rd Low | 73580.85 |
75891.64 – 78333 – 75534.76 – 75445.16 – 76911 – 74529.4 —
75816.860000000 – 75555.680000000 —
34.700800211775 – 34.847162826064 —
– —
75891.64 – 1776553200
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bullish Engulfing – – –