BTC/USDT – 30M – BUYThe combination Bitcoin/Tether (BTC/USDT) breaks through the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance line at 122335.160000000 will continue.
Caution: A possible counter-trend in the direction of the support line at 118920.920000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a positive signal. The pair is likely to go up.
Next a ‘Three White Soldiers’ candle pattern is existing. The chart shows ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 123218.000000000 |
| Next High | 122335.160000000 |
| Current Price | 122744.210000000 |
| Next Low | 118920.920000000 |
| 2nd Low | 118207.470000000 |
| 3rd Low | 118050.110000000 |
120324.430000000 – 119275.460000000 – 122335.160000000 – 118920.920000000 – 118207.470000000 – 118050.110000000 — 68.816022614503 – 71.640147221119
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three White Soldiers – – –