BTC/USDT – 1H – BUYThe combination Bitcoin/Tether (BTC/USDT) jumps from the bearish trendline up.
An ascending movement upwards to the next resistance level at 119273.360000000 is likely expected.
Caution: A possible counter-trend in the direction of the support zone at 116950.750000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Current target is 117261.58 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 119273.360000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 120247.800000000 |
| 2nd High | 119800.000000000 |
| Next High | 119273.360000000 |
| Current Price | 117175.710000000 |
| Next Low | 116950.750000000 |
| 2nd Low | 114723.160000000 |
| 3rd Low | 107429.570000000 |
119273.360000000 – 119800.000000000 – 119450.000000000 – 116950.750000000 – 117427.500000000 – 114723.160000000 — 39.652954866089 – 42.93533440468