BTC/USDT – 1H – BUYThe pair Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline upwards
The bullish trend up to the next resistance line at 119800.000000000 is expected.
Caution: A possible counter-trend in the direction of the support level at 114723.160000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘RSI fall below 30’ indicator layout is existing. The indicator shows ‘RSI fall below 30’. which could be a negative chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 120998.710000000 |
| 2nd High | 120247.800000000 |
| Next High | 119800.000000000 |
| Current Price | 118068.730000000 |
| Next Low | 114723.160000000 |
| 2nd Low | 107429.570000000 |
| 3rd Low | 107245.000000000 |
119800.000000000 – 119450.000000000 – 119273.360000000 – 114723.160000000 – 117103.100000000 – 117301.000000000 — 35.580268377177 – 41.888354170814