And also a ‘Double bottom chart pattern’ chart layout is detected. The chart shows ‘Double bottom chart pattern’. this is a bullish chart scenario. The currency pair is likely to rise.
The currency pair Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline upwards
An ascending movement up to the next resistance line at 119192.000000000 is likely expected.
Caution: A possible trend reversal in the direction of the support line at is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair could go up.
And also a ‘Three Outside Up’ candle pattern is found. The chart forms ‘Three Outside Up’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 123218.000000000 |
| 2nd High | 120063.840000000 |
| Next High | 119192.000000000 |
| Current Price | 119261.500000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
119192.000000000 – 120063.840000000 – 118195.000000000 – 117453.570000000 – 118181.140000000 – 117017.290000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Three Outside Up – Double bottom chart pattern