The currency pair Bitcoin/Tether (BTC/USDT) breaks through the descending trendline up.
A bullish movement up to the next resistance level at 79199.48 will continue.
Caution: A possible change in the direction of the support level at 78558.65 is within the realm of possibility.
Consider stop-loss settings accordingly.
Moreover a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart signal. The currency pair is likely to rise.
Moreover a ‘RSI Hidden Bullish Divergence’ indicator signal is existing. The indicator is ‘RSI Hidden Bullish Divergence’. which is often a bullish chart signal. The currency pair is likely to rise.
Moreover a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a positive chart signal. The pair is likely to go up.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend will continue. Current target is 79199.48 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the resistance zone at 79199.48 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 84621.16 |
| 2nd High | 79485.66 |
| Next High | 79199.48 |
| Current Price | 79177.290000000 |
| Next Low | 78558.65 |
| 2nd Low | 78084.08 |
| 3rd Low | 78040 |
78878.77 – 79199.48 – 78596.61 – 78558.65 – 78084.08 – 78094.43 —
78755.220000000 – 78922.000000000 —
59.914735949479 – 59.674231478978 —
– —
78878.77 – 1777809600