BTC/USDT – 1H – BUYThe combination Bitcoin/Tether (BTC/USDT) goes from the bearish trendline upwards
An ascending movement up to the next resistance level at 98871.800000000 will persist.
Caution: A possible trend reversal in the direction of the support zone at 90975.800000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Bullish Engulfing’ candle pattern is existing. The candles show ‘Bullish Engulfing’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 99588.010000000 |
| Next High | 98871.800000000 |
| Current Price | 94029.430000000 |
| Next Low | 90975.800000000 |
| 2nd Low | 89376.900000000 |
| 3rd Low | 88722.000000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bullish Engulfing