BTC/USDT – 4H – BUYThe pair Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline up.
The bullish trend upwards to the next resistance level at 120998.710000000 will continue.
Caution: A possible change in the direction of the support zone at 116812.760000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The pair is likely to go up.
Next a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 123218.000000000 |
| Next High | 120998.710000000 |
| Current Price | 119733.690000000 |
| Next Low | 116812.760000000 |
| 2nd Low | 115736.920000000 |
| 3rd Low | 107245.000000000 |
120998.710000000 – 123218.000000000 – 118869.980000000 – 116812.760000000 – 115736.920000000 – 107245.000000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – – Double bottom chart pattern