BTC/USDT – 1H – BUYThe pair Bitcoin/Tether (BTC/USDT) goes from the bullish trendline upwards
A continuation of the upward movement up to the next resistance line at 110529.180000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 106733.330000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The pair is likely to go up.
Also there is a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a positive signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 108442.97 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 110529.180000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Bullish Engulfing’ candlestick chart pattern is existing. The chart forms ‘Bullish Engulfing’. which is a bullish 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 | 110718.000000000 |
| 2nd High | 110530.170000000 |
| Next High | 110529.180000000 |
| Current Price | 107692.010000000 |
| Next Low | 106733.330000000 |
| 2nd Low | 106356.760000000 |
| 3rd Low | 99613.330000000 |
110529.180000000 – 108789.990000000 – 108528.500000000 – 106733.330000000 – 107250.000000000 – 106356.760000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Bullish Engulfing –