The currency pair Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance line at 119800.000000000 is likely expected.
Caution: A possible counter-trend in the direction of the support zone at 117427.500000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘RSI fall below 30’ indicator layout is found. The indicator is ‘RSI fall below 30’. which is often a bearish chart signal. The currency pair could go down.
Next a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 120820.710000000 |
| 2nd High | 120247.800000000 |
| Next High | 119800.000000000 |
| Current Price | 118095.600000000 |
| Next Low | 117427.500000000 |
| 2nd Low | 117304.460000000 |
| 3rd Low | 114908.000000000 |
119800.000000000 – 119540.010000000 – 118438.830000000 – 117427.500000000 – 117859.980000000 – 117825.500000000 — 45.583494104755 – 49.192792623859
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – – Rising Wedge Chart Pattern –