BTC/USDT – 1H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Target of the current trend is 97439.55 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance zone at 103550.000000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Bullish Engulfing’ candlestick pattern is detected. The candles form ‘Bullish Engulfing’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 104088.000000000 |
| Next High | 103550.000000000 |
| Current Price | 96945.630000000 |
| Next Low | 94587.830000000 |
| 2nd Low | 93578.170000000 |
| 3rd Low | 90791.100000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bullish Engulfing