BTC/USDT – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Current target is 78216.41 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 78479.37 is within the realm of possibility.
Consider stop-loss settings accordingly.
And also a ‘Inverted Hammer’ candlestick chart pattern is detected. The chart shows ‘Inverted Hammer’. 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 chance of ‘Inverted Hammer’ heading up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 78662.5 |
| 2nd High | 78581.93 |
| Next High | 78479.37 |
| Current Price | 77510.280000000 |
| Next Low | 77264.08 |
| 2nd Low | 76960 |
| 3rd Low | 74821.57 |
78479.37 – 78581.93 – 78662.5 – 77264.08 – 77402.01 – 76960 —
77547.700000000 – 77644.650000000 —
45.39979136453 – 49.946883362189 —
– —
78479.37 – 1777035600
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Inverted Hammer – – –