BTC/USDT – 30M – BUYThe combination Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline upwards
A bullish movement up to the next resistance at 96509.980000000 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 93700.420000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Bullish Engulfing’ candlestick chart pattern is found. The chart shows ‘Bullish Engulfing’. which is a positive pattern signal. The currency pair is likely to rise. 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 | 98057.510000000 |
| 2nd High | 97351.570000000 |
| Next High | 96509.980000000 |
| Current Price | 96258.990000000 |
| Next Low | 93700.420000000 |
| 2nd Low | 90500.000000000 |
| 3rd Low | 89667.660000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bullish Engulfing