The currency pair Bitcoin/Tether (BTC/USDT) breaks through the descending trendline up.
A bullish ascent upwards to the next resistance level at 95630.000000000 will continue.
Caution: A possible trend reversal in the direction of the support line at 92800.010000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart signal. The currency pair could go up.
Next a ‘Three Outside Up’ candle chart pattern is detected. The candles show ‘Three Outside Up’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
Next a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a positive signal. The currency pair is likely to rise.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | 95758.040000000 |
Next High | 95630.000000000 |
Current Price | 94682.370000000 |
Next Low | 92800.010000000 |
2nd Low | 84347.970000000 |
3rd Low | 83709.250000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up