Next a ‘Falling Wedge Chart Pattern’ chart layout is discovered. The chart picture shows ‘Falling Wedge Chart Pattern’. which is a positive signal. The currency pair is likely to rise.
The pair Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline up.
An ascent upwards to the next resistance at 105226.170000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the support zone at 103929.270000000 should always be considered.
Consider stop-loss settings accordingly.
Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive signal. The pair is likely to go up.
Next a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 105325.83 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 105226.170000000 should always be considered.
Consider stop-loss settings accordingly.
Next a ‘Three White Soldiers’ candlestick chart pattern is detected. The chart forms ‘Three White Soldiers’. 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 ‘Three White Soldiers’ heading up is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | 105550.270000000 |
2nd High | 105325.830000000 |
Next High | 105226.170000000 |
Current Price | 105811.740000000 |
Next Low | 103929.270000000 |
2nd Low | 103500.000000000 |
3rd Low | 103371.020000000 |
104898.310000000 – 105073.530000000 – 105226.170000000 – 103929.270000000 – 104617.690000000 – 103500.000000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Three White Soldiers