BTC/USDT – 30M – BUYAdditionally a ‘Double top retreat up’ chart pattern is detected. The formation shows ‘Double top retreat up’. which is a positive chart scenario. The currency pair is likely to rise.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 118905.735 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of resistance at 118499.900000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 120998.710000000 |
| 2nd High | 120820.710000000 |
| Next High | 118499.900000000 |
| Current Price | 117990.550000000 |
| Next Low | 117943.250000000 |
| 2nd Low | 116812.760000000 |
| 3rd Low | 115736.920000000 |
118499.900000000 – 118371.420000000 – 120820.710000000 – 117943.250000000 – 116812.760000000 – 118395.000000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – – Double top retreat up