The currency pair Bitcoin/Tether (BTC/USDT) moves from the ascending trendline upwards
A continuation of the bullish trend up to the next resistance level at 105319.130000000 is likely expected.
Caution: A possible counter-trend in the direction of the support zone at 104518.860000000 could happen.
Consider stop-loss settings accordingly.
There is also 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 signal. The currency pair could go up.
There is also a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. this is usually a bullish signal. The pair is likely to go up.
There is also a ‘Bullish Belt Hold’ chart pattern is found. The candles show ‘Bullish Belt Hold’. 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 chance of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 106794.670000000 |
2nd High | 106000.000000000 |
Next High | 105319.130000000 |
Current Price | 105298.990000000 |
Next Low | 104518.860000000 |
2nd Low | 104407.160000000 |
3rd Low | 104179.000000000 |
105319.130000000 – 105240.840000000 – 106000.000000000 – 104518.860000000 – 104407.160000000 – 104179.000000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Bullish Belt Hold